Tenable (NASDAQ:TENB) Trading Up 9.5% – Still a Buy?

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price was up 9.5% on Friday . The company traded as high as $28.50 and last traded at $28.4210. Approximately 2,261,918 shares changed hands during trading, a decline of 27% from the average daily volume of 3,095,540 shares. The stock had previously closed at $25.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. TD Cowen reduced their price objective on Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Susquehanna lowered their price objective on shares of Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a research report on Friday, May 1st. DA Davidson increased their price objective on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Finally, Scotiabank cut their target price on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.16.

Tenable Stock Up 8.8%

The stock has a 50-day moving average price of $20.36 and a 200-day moving average price of $22.25. The company has a market capitalization of $3.11 billion, a P/E ratio of -282.61 and a beta of 0.87. 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 released its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share 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 during the quarter, compared to the consensus estimate of $258.83 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter 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, research analysts predict that Tenable Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Tenable during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tenable during the 4th quarter valued at $28,000. Signaturefd LLC grew its stake in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after acquiring an additional 948 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Tenable during the 4th quarter worth $38,000. Finally, Horizon Investments LLC bought a new stake in Tenable during the 3rd quarter worth approximately $45,000. Institutional investors own 89.06% of the company’s stock.

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.