Susquehanna Cuts Tenable (NASDAQ:TENB) Price Target to $26.00

Key Points

• Susquehanna cut Tenable's price target from $40 to $26 while keeping a "positive" rating; analyst targets have broadly softened and the street consensus is a "Hold" with a $27.84 average price target.
• Tenable beat Q1 expectations (EPS $0.47 vs. $0.41; revenue $262.1M vs. $258.8M), raised FY/Q2 guidance, and is rolling out product catalysts like Hexa AI and flex-pricing that could accelerate ARR and monetization.
• Insider and institutional buying — director Arthur Coviello bought 12,000 shares and several large institutions (e.g., UBS, Norges Bank, First Trust) significantly increased positions, with institutional ownership around 89%.

Tenable (NASDAQ:TENB - Get Free Report) had its price objective dropped by Susquehanna from $40.00 to $26.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 24.46% from the company's previous close.

A number of other brokerages also recently issued reports on TENB. Jefferies Financial Group lowered their price target on Tenable from $29.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. lowered their price target on Tenable from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, February 5th. Morgan Stanley set a $27.00 price target on Tenable in a research report on Thursday. Barclays boosted their price target on Tenable from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Zacks Research cut Tenable from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.84.

Tenable Stock Performance

Shares of TENB stock opened at $20.89 on Friday. The company has a market capitalization of $2.39 billion, a P/E ratio of -208.90 and a beta of 0.75. The business's 50 day moving average is $19.20 and its two-hundred day moving average is $23.10. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. Tenable has a 12-month low of $15.73 and a 12-month high of $35.69.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.06. The company had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. Tenable had a positive return on equity of 7.32% and a negative net margin of 1.15%.Tenable's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Analysts expect that Tenable will post 0.42 EPS for the current fiscal year.

Insider Activity at Tenable

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the acquisition, the director owned 51,731 shares in the company, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Tenable

Several hedge funds and other institutional investors have recently made changes to their positions in TENB. UBS Group AG increased its holdings in shares of Tenable by 327.6% in the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company's stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Norges Bank acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $44,542,000. First Trust Advisors LP increased its holdings in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company's stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the last quarter. Shapiro Capital Management LLC increased its holdings in shares of Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company's stock valued at $105,336,000 after purchasing an additional 1,010,230 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Tenable by 101.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company's stock valued at $42,941,000 after purchasing an additional 919,047 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q1 results beat expectations and management raised FY and Q2 guidance — Tenable reported $0.47 EPS and $262.1M revenue (both above estimates), issued Q2 EPS guidance of $0.460–0.48 vs. consensus ~0.37, and raised FY EPS to $1.900–1.980. This materially improves forward profitability outlook and supports revenue growth narrative. Q1 Press Release
• Positive Sentiment: Product/strategy catalysts — management is rolling out Hexa AI and a flex-pricing program and guided FY revenue roughly in the $1.068B–$1.078B range, which could accelerate ARR expansion and monetization if adoption follows. Hexa AI / Guidance
• Positive Sentiment: Analysts still show conviction despite lower PTs — Canaccord and Needham kept “buy” ratings (though with reduced targets), implying continued confidence in Tenable’s growth story even as they temper upside. These mixed-but-still-positive reads can support longer-term demand. Analyst Notes TickerReport
• Neutral Sentiment: Street nuance — Wells Fargo raised its price target slightly to $20 but kept an “equal weight” rating, signaling limited near-term upside from their view. That adds cautious tone despite some buy-side support. Wells Fargo Note
• Neutral Sentiment: Macro/market context — coverage pieces and deep-dive commentary emphasize rising demand for exposure management in an AI-driven security landscape; positive structurally but may take time to flow into sustained revenue acceleration. MSN Deep Dive
• Negative Sentiment: Downgrade and profit-taking pressure — William Blair downgraded Tenable, and headlines note the stock fell despite beats; that downgrade plus several lowered price targets likely triggered selling and increased short‑term volatility. William Blair Downgrade
• Negative Sentiment: Technical/valuation signals and mixed analyst math — TENB remains below its 200‑day SMA and faces margin/valuation scrutiny (negative net margin historically), which can amplify downside when sentiment shifts even after a strong quarter. Market reaction coverage: Tenable beat sales but shares dropped. Market Reaction

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable's product suite is Nessus, one of the industry's most widely adopted vulnerability scanners.

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