Tenable (NASDAQ:TENB) Price Target Raised to $45.00

Tenable (NASDAQ:TENB) had its price target increased by Cantor Fitzgerald from $30.00 to $45.00 in a research report report published on Friday morning, MarketBeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Wedbush reiterated an “outperform” rating and set a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 24th. Susquehanna cut their price target on shares of Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Stephens increased their price objective on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, 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. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Tenable currently has a consensus rating of “Hold” and a consensus price target of $33.42.

Tenable Stock Performance

NASDAQ:TENB opened at $32.25 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. Tenable has a one year low of $15.73 and a one year high of $43.67. The business’s 50-day simple moving average is $31.38 and its 200 day simple moving average is $24.32. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -322.50 and a beta of 0.93.

Tenable (NASDAQ:TENB) last issued its quarterly 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 positive return on equity of 7.85% and a negative net margin of 1.15%.The firm 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 business posted $0.36 earnings per share. Tenable’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. As a group, sell-side analysts predict that Tenable will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Tenable by 11.5% in the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after acquiring an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Tenable by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after acquiring an additional 17,349 shares during the period. Jane Street Group LLC grew its holdings in shares of Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after purchasing an additional 51,266 shares during the last quarter. Invesco Ltd. raised its position in shares of Tenable by 12.9% during the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after purchasing an additional 13,903 shares during the period. Finally, Amundi lifted its holdings in shares of Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after purchasing an additional 30,256 shares during the last quarter. 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.