Tenable (NASDAQ:TENB) Stock Price Down 5.5% – Here’s Why

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price dropped 5.5% during mid-day trading on Tuesday . The company traded as low as $36.15 and last traded at $36.0340. Approximately 415,664 shares were traded during trading, a decline of 88% from the average daily volume of 3,340,958 shares. The stock had previously closed at $38.15.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TENB. Susquehanna raised their price objective on Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. DA Davidson raised their target price on Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Canaccord Genuity Group lifted their target price on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays reduced their price target on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Truist Financial cut their price target on Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tenable has an average rating of “Hold” and an average target price of $34.68.

Tenable Trading Down 6.7%

The firm has a fifty day moving average of $35.80 and a 200-day moving average of $26.72. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $3.92 billion, a P/E ratio of 711.44 and a beta of 0.94.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Equities research analysts forecast that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Firetrail Investments PTY Ltd. bought a new position in Tenable during the 2nd quarter worth approximately $8,389,000. Dimensional Fund Advisors LP increased its holdings in Tenable by 231.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after purchasing an additional 570,760 shares during the last quarter. BlackRock Inc. acquired a new position in Tenable during the second quarter worth about $498,387,000. UBS Group AG raised its stake in shares of Tenable by 327.6% during the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after buying an additional 2,375,587 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.