Barclays Cuts Tenable (NASDAQ:TENB) Price Target to $20.00

Tenable (NASDAQ:TENB) had its price objective cut by Barclays from $28.00 to $20.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a report on Thursday, January 22nd. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Piper Sandler lowered their price target on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Stifel Nicolaus set a $24.00 price target on Tenable in a report on Thursday, February 5th. Finally, Scotiabank lowered their price target on Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.35.

Tenable Stock Up 5.9%

Shares of NASDAQ:TENB opened at $18.93 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $2.17 billion, a PE ratio of -63.10 and a beta of 0.75. The business has a 50 day simple moving average of $19.60 and a two-hundred day simple moving average of $23.78. Tenable has a 1 year low of $15.73 and a 1 year high of $35.69.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to analyst estimates of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.Tenable’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. 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, equities analysts predict that Tenable will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the stock in a transaction on Monday, February 9th. The stock was bought at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the acquisition, the director directly owned 51,731 shares in the company, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Tenable

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Tenable by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after buying an additional 465,039 shares during the period. Ameriprise Financial Inc. lifted its holdings in Tenable by 11.0% during the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after buying an additional 713,291 shares during the period. First Trust Advisors LP lifted its holdings in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares during the period. Shapiro Capital Management LLC lifted its holdings in Tenable by 38.8% during the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after buying an additional 1,010,230 shares during the period. Finally, UBS Group AG lifted its holdings in Tenable by 327.6% during the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after buying an additional 2,369,402 shares during the period. 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.