Tenable (NASDAQ:TENB) Reaches New 12-Month High on Analyst Upgrade

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) hit a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $35.00 to $40.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Tenable traded as high as $36.73 and last traded at $35.9710, with a volume of 1341677 shares traded. The stock had previously closed at $33.49.

Several other brokerages have also issued reports on TENB. Scotiabank decreased their price target on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research note on Tuesday, April 21st. Jefferies Financial Group increased their price objective on Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Wedbush reissued an “outperform” rating and issued a $29.00 target price on shares of Tenable in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group boosted their target price on Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tenable presently has a consensus rating of “Hold” and a consensus target price of $29.42.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. Quarry LP bought a new position in shares of Tenable in the third quarter worth $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Tenable during the 4th quarter valued at $28,000. Signaturefd LLC lifted its holdings in 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 in the last quarter. Horizon Investments LLC purchased a new stake in Tenable during the 3rd quarter worth about $45,000. Finally, Quadrant Capital Group LLC bought a new position in Tenable in the 4th quarter worth about $38,000. Institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 7.2%

The firm has a 50 day simple moving average of $24.74 and a 200 day simple moving average of $22.49. The firm has a market cap of $3.96 billion, a P/E ratio of -359.46 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results 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 firm had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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.