Tenable (NASDAQ:TENB) Price Target Cut to $24.00 by Analysts at DA Davidson

Tenable (NASDAQ:TENB) had its price objective trimmed by DA Davidson from $25.00 to $24.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on TENB. Wedbush dropped their target price on Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a report on Thursday, January 22nd. Piper Sandler cut their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Barclays decreased their target price on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $30.00 target price on shares of Tenable in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $31.94.

Tenable Stock Performance

NASDAQ:TENB opened at $19.76 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -65.86 and a beta of 0.63. The firm’s fifty day moving average price is $23.80 and its 200 day moving average price is $27.59. Tenable has a 1-year low of $19.15 and a 1-year high of $43.68.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. Tenable’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts expect that Tenable will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Norges Bank purchased a new stake in shares of Tenable during the second quarter worth about $47,983,000. Shapiro Capital Management LLC raised its position in shares of Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares during the last quarter. Marshall Wace LLP raised its position in shares of Tenable by 272.1% in the second quarter. Marshall Wace LLP now owns 1,237,173 shares of the company’s stock valued at $41,792,000 after buying an additional 904,662 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Tenable by 98.9% during the third quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock valued at $48,868,000 after buying an additional 833,125 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Key Headlines Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 results and guidance beat: TENB reported Q4 revenue of $260.5M (+11% YoY) and non‑GAAP EPS $0.48, topping estimates; management set FY‑26 non‑GAAP EPS guidance of $1.81–$1.90 and Q1 EPS $0.39–$0.42 (both above consensus). The company also increased its buyback authorization by $150M to $338M — a direct shareholder‑friendly action that supports the stock. Read More.
• Positive Sentiment: Analyst support and upgrades: Zacks moved TENB from Hold to Strong‑Buy and Needham reaffirmed a Buy with a $28 PT, providing additional buy‑side validation after the print. Read More. Read More.
• Neutral Sentiment: Industry/strategy takeaways: Coverage highlights increased demand for AI‑powered security (Tenable One) and platform consolidation momentum; these thematic positives support longer‑term growth but are qualitative and may already be priced in after the earnings release. Read More.
• Neutral Sentiment: Investor commentary and transcripts: Full earnings transcript and call notes are available; investors should watch management’s remarks on billings duration, annual installment billing effects and cadence of enterprise platform deals for forward visibility. Read More.
• Negative Sentiment: Multiple price‑target cuts: Several firms trimmed targets (DA Davidson to $24/Neutral, Wedbush to $32/Outperform, TD Cowen to $38/Buy, JPMorgan to $35/Overweight). Cuts narrow near‑term upside expectations and can pressure sentiment even where ratings remain constructive. Read More.
• Negative Sentiment: Insider selling and cash reduction: Recent disclosures show material insider share sales over the last 6 months and cash & equivalents fell year‑over‑year (reported $402M vs $577M at end‑2024), which some investors may view as a governance/liquidity caution despite strong cash generation. Read More.

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.