Wall Street Zen Upgrades Tenable (NASDAQ:TENB) to Strong-Buy

Key Points

• Wall Street Zen upgraded Tenable from buy to strong-buy, though the broader analyst view remains cautious with a consensus rating of Hold and an average price target of $27.84.
• Tenable beat quarterly expectations, reporting $0.47 EPS versus the expected $0.41 and revenue of $262.06 million, with revenue up 9.6% year over year. The company also issued guidance for FY 2026 EPS of 1.90 to 1.98.
• The stock was trading at $21.83, below its 200-day moving average of $22.85, while insiders and institutions showed confidence through share buying. Director Arthur W. Coviello, Jr. increased his stake, and institutional investors now own 89.06% of the company.

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

Several other brokerages have also issued reports on TENB. JPMorgan Chase & Co. dropped their price objective on Tenable from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, February 5th. Needham & Company LLC dropped their price objective on Tenable from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Wedbush dropped their price objective on Tenable from $32.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, April 30th. William Blair lowered Tenable from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 28th. Finally, Zacks Research lowered Tenable from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.84.

Tenable Stock Performance

Shares of TENB stock opened at $21.83 on Friday. The stock's 50-day moving average is $19.36 and its two-hundred day moving average is $22.85. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -218.30 and a beta of 0.87. Tenable has a 1 year low of $15.73 and a 1 year high of $35.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.95 and a current ratio of 0.85.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. The company had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company 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 predict that Tenable will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Tenable

In other Tenable news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the firm's stock in a transaction dated 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 completion of the purchase, the director owned 51,731 shares of the company's stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Tenable by 231.4% during the first quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company's stock worth $13,827,000 after buying an additional 570,760 shares during the period. KBC Group NV boosted its stake in shares of Tenable by 42.1% during the first quarter. KBC Group NV now owns 4,897 shares of the company's stock worth $83,000 after buying an additional 1,451 shares during the period. SEB Asset Management AB acquired a new stake in Tenable in the first quarter valued at about $18,935,000. Graphene Investments SAS lifted its position in Tenable by 15.2% in the first quarter. Graphene Investments SAS now owns 148,800 shares of the company's stock valued at $2,517,000 after purchasing an additional 19,600 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Tenable by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 821,163 shares of the company's stock valued at $13,890,000 after purchasing an additional 53,879 shares during the period. Institutional investors and hedge funds 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.

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