Tenable (NASDAQ:TENB) Trading Up 6.5% – Still a Buy?

Tenable Holdings, Inc. (NASDAQ:TENB) shares were up 6.5% during mid-day trading on Tuesday . The stock traded as high as $20.49 and last traded at $20.7970. Approximately 204,476 shares were traded during trading, a decline of 93% from the average daily volume of 2,857,393 shares. The stock had previously closed at $19.52.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TENB shares. Wedbush decreased their target price on Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. decreased their target price on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research note on Tuesday. Piper Sandler reduced their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Finally, 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. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.35.

Tenable Trading Up 2.3%

The stock has a market cap of $2.36 billion, a P/E ratio of -68.56 and a beta of 0.75. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $19.41 and a two-hundred day moving average price of $23.44.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million for the quarter, compared to the consensus estimate of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, research analysts expect that Tenable Holdings, Inc. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In related news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the transaction, the director owned 51,731 shares in the company, valued at $1,112,216.50. This trade represents a 30.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tenable

Large investors have recently bought and sold shares of the business. Quarry LP purchased a new position in Tenable during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in Tenable during the 4th quarter valued at $28,000. Signaturefd LLC boosted its holdings in Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares during the period. Exchange Traded Concepts LLC purchased a new position in Tenable during the 3rd quarter valued at $45,000. Finally, Horizon Investments LLC purchased a new position in Tenable during the 3rd quarter valued at $45,000. Hedge funds and other institutional investors 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.