Stock Traders Buy High Volume of Call Options on Tenable (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) saw some unusual options trading activity on Wednesday. Stock traders purchased 3,373 call options on the company. This represents an increase of 388% compared to the typical volume of 691 call options.

Tenable Trading Down 3.5%

Shares of Tenable stock traded down $1.09 during trading on Wednesday, hitting $29.81. The company’s stock had a trading volume of 3,389,506 shares, compared to its average volume of 3,160,908. The stock has a 50-day moving average price of $20.70 and a two-hundred day moving average price of $22.26. Tenable has a 52 week low of $15.73 and a 52 week high of $35.69. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -298.10 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 quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS 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 business had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. During the same period last year, the company posted $0.36 earnings per share. The business’s quarterly revenue 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. Equities research analysts anticipate that Tenable will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TENB shares. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research note on Tuesday, April 21st. Stephens upped their target price on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Zacks Research lowered shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wedbush reissued an “outperform” rating and set a $29.00 price objective on shares of Tenable in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group lifted their price objective on Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. CI Investments Inc. boosted its holdings in Tenable by 40.2% during the 3rd quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after acquiring an additional 713 shares during the period. Fulton Bank N.A. lifted its position in shares of Tenable by 7.0% in 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 period. Principal Financial Group Inc. boosted its position in Tenable by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock valued at $271,000 after acquiring an additional 799 shares in the last quarter. Quarry LP purchased a new position in Tenable in the third quarter worth $25,000. Finally, Perigon Wealth Management LLC raised its stake in Tenable by 5.1% in the fourth quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock valued at $420,000 after buying an additional 872 shares during the last quarter. Hedge funds and other 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.