Tenable (NASDAQ:TENB) Trading 7% Higher – What’s Next?

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price was up 7% during mid-day trading on Friday . The stock traded as high as $28.60 and last traded at $29.3610. Approximately 289,366 shares were traded during trading, a decline of 91% from the average session volume of 3,086,054 shares. The stock had previously closed at $27.44.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TENB. Jefferies Financial Group lifted their price target on Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Morgan Stanley set a $27.00 price objective on Tenable in a report on Thursday, April 30th. Canaccord Genuity Group raised their target price on Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Scotiabank reduced their target price on Tenable from $23.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, April 30th. Finally, Stephens upped their price target on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Tenable currently has a consensus rating of “Hold” and a consensus price target of $29.16.

Tenable Price Performance

The firm has a fifty day moving average of $24.22 and a two-hundred day moving average of $22.42. The stock has a market capitalization of $3.28 billion, a P/E ratio of -296.92 and a beta of 0.99. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating 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 business had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. 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 predict that Tenable Holdings, Inc. will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TENB. CI Investments Inc. boosted its stake in Tenable by 40.2% during the third quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock worth $73,000 after buying an additional 713 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Tenable by 7.0% during the 1st quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock worth $197,000 after purchasing an additional 758 shares during the last quarter. Quarry LP bought a new stake in Tenable during the 3rd quarter valued at approximately $25,000. Perigon Wealth Management LLC boosted its stake in Tenable by 5.1% during the 4th quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock valued at $420,000 after purchasing an additional 872 shares during the period. Finally, Signaturefd LLC grew its position in Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after buying an additional 948 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.