Tenable (NASDAQ:TENB) Price Target Lowered to $26.00 at Needham & Company LLC

Tenable (NASDAQ:TENB) had its price target decreased by Needham & Company LLC from $28.00 to $26.00 in a research note published on Thursday, MarketBeat Ratings reports. Needham & Company LLC currently has a buy rating on the stock.

TENB has been the subject of a number of other research reports. Wells Fargo & Company began coverage on shares of Tenable in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $19.00 price objective for the company. Zacks Research lowered Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group cut their price target on Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Jefferies Financial Group lowered their price objective on Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Finally, Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.94.

Tenable Trading Down 2.7%

Shares of TENB opened at $20.89 on Thursday. Tenable has a 52-week low of $15.73 and a 52-week high of $35.69. The stock has a market cap of $2.39 billion, a PE ratio of -208.90 and a beta of 0.75. The firm’s fifty day moving average is $19.20 and its two-hundred day moving average is $23.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $262.06 million during 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 7.32%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Research analysts forecast that Tenable will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the acquisition, the director directly owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Tenable during the third quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable in the 4th quarter valued at $28,000. Signaturefd LLC grew its holdings in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after purchasing an additional 948 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Tenable during the 3rd quarter worth $45,000. Finally, Horizon Investments LLC acquired a new stake in shares of Tenable during the 3rd quarter worth about $45,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable beat Q1 revenue and EPS and raised guidance — Q1 revenue of $262.1M and EPS $0.47 topped estimates, and management raised Q2 and FY‑2026 guidance (FY EPS 1.90–1.98 vs. consensus ~1.58), signaling stronger margin/cash‑flow outlook. Tenable Announces First Quarter 2026 Financial Results
• Positive Sentiment: Product/commercial catalysts: Tenable is rolling out Hexa AI and a flex pricing initiative and provided a FY‑2026 revenue range (~$1.068B–$1.078B in one report), which management cites as drivers for the stronger outlook. These are growth levers investors will watch for 2H execution. Tenable forecasts FY 2026 revenue as it rolls out Hexa AI and flex pricing
• Positive Sentiment: Full earnings materials and transcript are available for detail; the call/slide deck confirm the beat and management commentary on product cadence and margin outlook. Investors should review for customer metrics and renewal trends. Tenable (TENB) Q1 2026 Earnings Transcript
• Neutral Sentiment: Canaccord lowered its price target from $33 to $28 but maintained a buy rating — still implies material upside from current levels, though the cut reflects a more conservative view on near‑term multiple. Canaccord price target change
• Neutral Sentiment: Needham trimmed its target from $28 to $26 but kept a buy rating — another PT reduction that moderates upside expectations while remaining constructive. Needham price target change
• Neutral Sentiment: Wells Fargo nudged its target up from $19 to $20 and kept an equal‑weight rating — a more cautious stance versus buy‑side firms, signaling mixed analyst sentiment overall. Wells Fargo price target change
• Negative Sentiment: William Blair downgraded Tenable — a formal downgrade adds selling pressure and likely contributed to the share weakness despite the beat. William Blair downgrades Tenable
• Negative Sentiment: Market reaction: heavy intraday volume and profit‑taking pushed the stock lower despite upside in fundamentals — short‑term technicals (50‑ and 200‑day moving averages) and sentiment shifts from analyst notes are likely drivers. (No link)

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.