Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) Price Target at $36.88

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.8824.

TENB has been the subject of several research reports. Canaccord Genuity Group cut their price target on Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Needham & Company LLC dropped their price objective on shares of Tenable from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. DA Davidson set a $32.00 price target on shares of Tenable in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research note on Wednesday, October 8th.

Insiders Place Their Bets

In related news, insider Barron Anschutz sold 976 shares of Tenable stock in a transaction on Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the completion of the sale, the insider owned 61,420 shares of the company’s stock, valued at approximately $1,787,322. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Tenable by 11.5% in the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after purchasing an additional 12,868 shares during the period. Amundi lifted its stake in Tenable by 1.2% in the first quarter. Amundi now owns 58,149 shares of the company’s stock worth $1,939,000 after acquiring an additional 676 shares during the period. AQR Capital Management LLC boosted its holdings in Tenable by 132.8% in the first quarter. AQR Capital Management LLC now owns 245,111 shares of the company’s stock valued at $8,574,000 after acquiring an additional 139,831 shares in the last quarter. Caxton Associates LLP bought a new stake in Tenable in the first quarter valued at $466,000. Finally, Woodline Partners LP increased its position in Tenable by 1,765.8% during the 1st quarter. Woodline Partners LP now owns 190,215 shares of the company’s stock valued at $6,654,000 after purchasing an additional 180,020 shares during the period. Institutional investors own 89.06% of the company’s stock.

Tenable Trading Down 0.7%

Shares of Tenable stock opened at $23.10 on Friday. The company has a market capitalization of $2.76 billion, a P/E ratio of -85.56 and a beta of 0.64. The stock has a fifty day simple moving average of $25.55 and a 200 day simple moving average of $28.99. Tenable has a 12-month low of $22.51 and a 12-month high of $45.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $247.43 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Tenable’s revenue was up 11.2% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. On average, sell-side analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

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.