Tenable (NASDAQ:TENB) Sets New 52-Week High – Here’s What Happened

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.05 and last traded at $42.65, with a volume of 4828414 shares trading hands. The stock had previously closed at $39.20.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TENB. Weiss Ratings upgraded Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 9th. Morgan Stanley set a $27.00 price target on Tenable in a research report on Thursday, April 30th. Barclays upped their price objective on Tenable from $28.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday. William Blair downgraded Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird set a $34.00 target price on Tenable in a research note on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.95.

Tenable Price Performance

The company has a market cap of $4.70 billion, a PE ratio of -426.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average of $29.00 and a 200-day moving average of $23.62.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The business 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 7.85% and a negative net margin of 1.15%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Equities analysts predict that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after acquiring an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Tenable by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after acquiring an additional 17,349 shares during the period. Jane Street Group LLC increased its stake in shares of Tenable by 83.6% in the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after acquiring an additional 51,266 shares during the period. Invesco Ltd. raised its holdings in shares of Tenable by 12.9% during the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after purchasing an additional 13,903 shares during the last quarter. Finally, Amundi raised its holdings in shares of Tenable by 52.0% during the second quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after purchasing an additional 30,256 shares during the last quarter. 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.