Tenable (NASDAQ:TENB) Trading Down 5.7% – Here’s Why

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price traded down 5.7% on Monday . The company traded as low as $35.71 and last traded at $36.1610. 527,741 shares changed hands during trading, a decline of 84% from the average session volume of 3,247,836 shares. The stock had previously closed at $38.33.

Analyst Ratings Changes

TENB has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. TD Cowen upped their price objective on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Morgan Stanley set a $27.00 price objective on shares of Tenable in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.68.

Tenable Price Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $4.00 billion, a PE ratio of 726.95 and a beta of 0.94. The company has a 50-day moving average price of $34.29 and a two-hundred day moving average price of $25.83.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $268.51 million for 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in Tenable during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in Tenable during the 4th quarter worth $28,000. Quadrant Capital Group LLC acquired a new position in Tenable in the 4th quarter worth $38,000. Horizon Investments LLC purchased a new position in Tenable in the 3rd quarter valued at about $45,000. Finally, Los Angeles Capital Management LLC purchased a new position in Tenable in the 4th quarter valued at about $48,000. 89.06% of the stock is owned by institutional investors and hedge funds.

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.