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

Tenable (NASDAQ:TENB) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. UBS Group decreased their price objective on Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. TD Cowen raised their target price on Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wedbush lowered shares of Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 price target for the company. in a research note on Thursday, September 10th. Finally, Truist Financial lowered their price objective on Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tenable has a consensus rating of “Hold” and a consensus price target of $34.84.

Tenable Stock Performance

Shares of Tenable stock opened at $37.20 on Friday. The business has a 50-day moving average price of $36.26 and a two-hundred day moving average price of $30.59. Tenable has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a market cap of $4.10 billion, a P/E ratio of 744.15 and a beta of 1.01. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous 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. As a group, analysts anticipate that Tenable will post 0.50 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Tenable during the 2nd quarter valued at $498,387,000. Arrowstreet Capital Limited Partnership grew its holdings in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Tenable in the second quarter valued at about $76,759,000. Renaissance Technologies LLC increased its position in shares of Tenable by 140.8% in the first quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock valued at $21,315,000 after acquiring an additional 736,800 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in shares of Tenable in the second quarter valued at about $42,489,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

Tenable Holdings, Inc (NASDAQ: TENB) is a cybersecurity company focused on exposure management, helping organizations identify, assess and reduce security risks across their technology environments. Its platform is designed to provide visibility into vulnerabilities and other exposures affecting networks, cloud infrastructure, applications, identities and operational technology.

The company’s product portfolio includes Tenable One, an exposure management platform, and Nessus, a widely used vulnerability assessment solution.