Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Tenable, with 11 hold, eight buy, and one sell rating among 20 firms. The average 12-month price target is approximately $34.68.
• Tenable exceeded quarterly expectations, reporting EPS of $0.51 versus $0.47 expected and revenue of $268.51 million versus $264.87 million estimated; revenue increased 8.6% year over year.
• The stock opened at $34.38, compared with a 52-week range of $15.73 to $43.67, while institutional investors hold approximately 89.06% of outstanding shares.

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have earned a consensus recommendation of "Hold" from the twenty research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.6842.

TENB has been the subject of a number of recent analyst reports. Barclays reduced their price objective on Tenable from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Cantor Fitzgerald lifted their target price on Tenable from $30.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Stifel Nicolaus increased their price target on shares of Tenable from $26.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. Morgan Stanley set a $27.00 price target on shares of Tenable in a research report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Tenable from $43.00 to $35.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th.

Tenable Price Performance

Tenable stock opened at $34.38 on Friday. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The company's 50 day moving average price is $34.76 and its two-hundred day moving average price is $26.07. The stock has a market cap of $3.79 billion, a P/E ratio of 687.74 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.Tenable's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, equities analysts predict that Tenable will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

Several large investors have recently modified their holdings of TENB. Quarry LP bought a new stake in shares of Tenable in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Tenable during the fourth quarter valued at $28,000. Quadrant Capital Group LLC bought a new position in Tenable during the fourth quarter valued at $38,000. Horizon Investments LLC purchased a new stake in Tenable in the third quarter worth $45,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Tenable in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source