Stock Traders Purchase Large Volume of Tenable Call Options (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) saw unusually large options trading activity on Friday. Investors acquired 7,777 call options on the stock. This is an increase of 673% compared to the average daily volume of 1,006 call options.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Tenable from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research note on Tuesday, April 21st. Stifel Nicolaus boosted their price objective on Tenable from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $29.00 price objective on shares of Tenable in a research note on Tuesday, May 26th. Finally, Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Nine research 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, the stock has a consensus rating of “Hold” and a consensus price target of $29.16.

Tenable Stock Performance

TENB stock opened at $30.22 on Friday. The company has a 50-day simple moving average of $24.45 and a 200 day simple moving average of $22.47. The company has a market capitalization of $3.33 billion, a P/E ratio of -302.20 and a beta of 0.99. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $35.69.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. Tenable’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Sell-side analysts predict that Tenable will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Tenable by 31.5% during the first quarter. Pacer Advisors Inc. now owns 498,647 shares of the company’s stock worth $8,435,000 after acquiring an additional 119,570 shares during the period. Glenmede Trust Co. NA bought a new stake in Tenable in the first quarter worth about $269,000. Essential Partners LLC lifted its holdings in Tenable by 456.3% in the 1st quarter. Essential Partners LLC now owns 7,238 shares of the company’s stock valued at $122,000 after acquiring an additional 5,937 shares during the last quarter. Bank of America Corp DE lifted its holdings in Tenable by 2.0% in the 1st quarter. Bank of America Corp DE now owns 996,815 shares of the company’s stock valued at $16,861,000 after acquiring an additional 19,229 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Tenable by 217.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock valued at $60,000 after purchasing an additional 2,432 shares in the last quarter. 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.