DA Davidson Issues Positive Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its price target hoisted by equities researchers at DA Davidson from $22.00 to $25.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target would indicate a potential downside of 2.50% from the company’s current price.

A number of other research firms have also recently issued reports on TENB. Barclays upped their price objective on shares of Tenable from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Stephens lowered their price objective on shares of Tenable from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. UBS Group decreased their price target on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price target on shares of Tenable in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and a consensus target price of $28.79.

Tenable Price Performance

TENB stock traded up $0.47 during trading on Friday, reaching $25.64. 2,092,361 shares of the company were exchanged, compared to its average volume of 3,095,835. The company has a 50-day moving average of $19.84 and a two-hundred day moving average of $22.34. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -257.27 and a beta of 0.87. Tenable has a twelve month low of $15.73 and a twelve month high of $35.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

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, topping 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 7.85%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. As a group, equities analysts predict that Tenable will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently modified their holdings of TENB. Quarry LP bought a new stake in shares of Tenable in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Tenable in the 4th quarter valued at $28,000. Signaturefd LLC boosted its stake in shares of Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Tenable in the 4th quarter valued at $38,000. Finally, Horizon Investments LLC bought a new stake in shares of Tenable in the 3rd quarter valued at $45,000. 89.06% of the stock is owned by institutional investors.

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.