Tenable (NASDAQ:TENB) Trading 10% Higher – Time to Buy?

Tenable Holdings, Inc. (NASDAQ:TENB) shares traded up 10% on Monday . The stock traded as high as $32.50 and last traded at $33.1110. Approximately 934,484 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 3,427,959 shares. The stock had previously closed at $30.11.

Wall Street Analyst Weigh In

TENB has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Wells Fargo & Company reduced their price objective on Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Jefferies Financial Group dropped their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Wedbush cut Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 price target for the company. in a report on Thursday, September 10th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 761.95 and a beta of 0.96. The stock has a 50-day simple moving average of $35.71 and a 200-day simple moving average of $27.74.

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

Institutional Trading of Tenable

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Tenable during the 2nd quarter valued at approximately $498,387,000. Arrowstreet Capital Limited Partnership boosted 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 worth $63,131,000 after purchasing an additional 2,375,587 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Tenable during the second quarter valued at $76,759,000. Norges Bank bought a new stake in Tenable during the fourth quarter valued at $44,542,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Tenable by 140.8% during the first quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock worth $21,315,000 after purchasing an additional 736,800 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

About Tenable

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company’s product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.