Tenable (NASDAQ:TENB) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Tenable (NASDAQ:TENB) from a buy rating to a strong-buy rating in a report released on Saturday morning.

TENB has been the topic of a number of other reports. Stifel Nicolaus set a $24.00 price objective on shares of Tenable in a research note on Thursday, February 5th. Barclays increased their target price on shares of Tenable from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Zacks Research cut shares of Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group decreased their target price on shares of Tenable from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Finally, Wedbush decreased their target price on shares of Tenable from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Nine equities research 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. Based on data from MarketBeat.com, Tenable currently has an average rating of “Hold” and an average price target of $27.84.

Tenable Price Performance

NASDAQ TENB opened at $21.83 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.95 and a current ratio of 0.85. The firm’s 50 day moving average price is $19.36 and its 200-day moving average price is $22.85. Tenable has a 52-week low of $15.73 and a 52-week high of $35.69. The company has a market cap of $2.41 billion, a PE ratio of -218.30 and a beta of 0.87.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. 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 forecast that Tenable will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the transaction, the director directly owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. The trade was a 30.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. UBS Group AG raised its holdings in shares of Tenable by 327.6% in 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 last quarter. Norges Bank purchased a new position in shares of Tenable in the fourth quarter worth $44,542,000. SEB Asset Management AB purchased a new position in shares of Tenable in the first quarter worth $18,935,000. First Trust Advisors LP raised its holdings in shares of Tenable by 31.8% in 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 last quarter. Finally, Shapiro Capital Management LLC raised its holdings 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 worth $105,336,000 after buying an additional 1,010,230 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.