Tenable (NASDAQ:TENB) Price Target Raised to $30.00

Tenable (NASDAQ:TENB) had its price target lifted by Needham & Company LLC from $26.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 19.19% from the stock’s current price.

TENB has been the subject of several other research reports. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company increased their price target on shares of Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. William Blair lowered shares of Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $34.00 price target on shares of Tenable in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $27.00 price objective on shares of Tenable in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.53.

Tenable Stock Down 1.3%

TENB opened at $25.17 on Friday. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $35.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s fifty day moving average price is $19.84 and its two-hundred day moving average price is $22.34. The company has a market capitalization of $2.78 billion, a P/E ratio of -251.70 and a beta of 0.87.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, analysts anticipate that Tenable will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Essential Partners LLC raised its holdings in shares of Tenable by 456.3% in the first quarter. Essential Partners LLC now owns 7,238 shares of the company’s stock valued at $122,000 after buying an additional 5,937 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Tenable by 2.0% in the first quarter. Bank of America Corp DE now owns 996,815 shares of the company’s stock valued at $16,861,000 after buying an additional 19,229 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tenable by 217.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock valued at $60,000 after buying an additional 2,432 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Tenable by 22.5% in the first quarter. California State Teachers Retirement System now owns 143,165 shares of the company’s stock valued at $2,422,000 after buying an additional 26,270 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Tenable by 2,454.2% in the first quarter. Empowered Funds LLC now owns 98,412 shares of the company’s stock valued at $1,665,000 after buying an additional 94,559 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.