Tenable (NASDAQ:TENB) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Tenable from a "strong-buy" to a "buy," while overall analyst coverage is mixed—9 Buys, 10 Holds and 1 Sell—giving an average rating of "Hold" and an average price target of $29.35.
• Tenable beat Q results (EPS $0.48 vs. $0.42; revenue $260.53M, up 10.5% YoY) and issued FY2026 guidance of $1.81–$1.90 EPS; the stock trades near $20 with a 12‑month range of $15.73–$35.69 and a negative P/E (-66.73).
• Director Arthur W. Coviello Jr. bought 12,000 shares at $21.50 (a 30.2% increase in his stake), and institutional ownership is high at about 89%, with firms like Vanguard and UBS recently adding to their positions.

Tenable (NASDAQ:TENB - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently weighed in on TENB. DA Davidson cut their price target on Tenable from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on Tenable from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. Barclays cut their price target on Tenable from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, April 13th. Canaccord Genuity Group set a $33.00 price target on Tenable in a report on Thursday, February 5th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Tenable in a report on Tuesday. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tenable currently has an average rating of "Hold" and an average target price of $29.35.

Tenable Stock Performance

NASDAQ:TENB opened at $20.02 on Friday. 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. The stock has a 50-day moving average price of $19.30 and a 200 day moving average price of $23.34. The stock has a market capitalization of $2.29 billion, a P/E ratio of -66.73 and a beta of 0.75.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The firm had revenue of $260.53 million during the quarter, compared to analysts' expectations of $251.79 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Equities research analysts forecast that Tenable will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business's stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the acquisition, the director directly owned 51,731 shares of the company's stock, valued at $1,112,216.50. This represents a 30.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tenable

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company's stock valued at $363,009,000 after purchasing an additional 465,039 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company's stock valued at $209,354,000 after purchasing an additional 713,291 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Tenable by 31.8% in the 4th 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 lifted its stake in shares of Tenable by 38.8% in the 3rd 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, UBS Group AG lifted its stake in shares of Tenable by 327.6% in the 4th 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. 89.06% of the stock is owned by institutional investors.

About Tenable

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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