DA Davidson Forecasts Strong Price Appreciation for Tenable (NASDAQ:TENB) Stock

Key Points

• DA Davidson increased its price target for Tenable's stock from $32.00 to $34.00, indicating a potential upside of 7.24% from the previous close.
• Multiple analysts, including Barclays and Scotiabank, have also raised their price targets for Tenable, suggesting a range between $35.00 and $39.00 with an average rating of "Moderate Buy."
• Despite favorable analyst ratings, Tenable's stock recently traded down 1.7%, closing at $31.71, with averages and market metrics indicating mixed investor sentiment.

Tenable (NASDAQ:TENB - Get Free Report) had its target price increased by investment analysts at DA Davidson from $32.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. DA Davidson's target price points to a potential upside of 10.34% from the company's previous close. DA Davidson also issued estimates for Tenable's Q3 2025 earnings at $0.02 EPS.

TENB has been the subject of a number of other research reports. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research note on Thursday. Barclays boosted their price objective on shares of Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Westpark Capital reissued a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Finally, Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Tenable Trading Up 0.8%

Shares of Tenable stock traded up $0.25 on Thursday, hitting $30.82. 156,076 shares of the company traded hands, compared to its average volume of 1,391,936. The stock's 50 day moving average price is $32.91 and its 200-day moving average price is $35.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Tenable has a 52 week low of $28.75 and a 52 week high of $45.44. The company has a market cap of $3.76 billion, a PE ratio of -83.28 and a beta of 0.76.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.22%. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company's revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Tenable will post 0.12 EPS for the current year.

Insider Activity

In other news, CEO Stephen A. Vintz sold 3,386 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $109,875.70. Following the sale, the chief executive officer directly owned 328,008 shares of the company's stock, valued at $10,643,859.60. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barron Anschutz sold 970 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.08, for a total transaction of $32,087.60. Following the sale, the insider directly owned 58,311 shares in the company, valued at $1,928,927.88. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,815 shares of company stock valued at $669,797 over the last ninety days. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tenable

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Tenable by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock valued at $376,000 after purchasing an additional 1,682 shares during the last quarter. KBC Group NV boosted its holdings in Tenable by 19.4% in the first quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after purchasing an additional 919 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Tenable by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after purchasing an additional 20,031 shares during the last quarter. Invesco Ltd. boosted its holdings in Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after purchasing an additional 13,655 shares during the last quarter. Finally, One68 Global Capital LLC purchased a new stake in Tenable in the fourth quarter valued at $591,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.