Tenable (NASDAQ:TENB) Shares Gap Up – Time to Buy?

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $33.66, but opened at $36.35. Tenable shares last traded at $37.3150, with a volume of 1,112,937 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TENB shares. DA Davidson lifted their price target on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Needham & Company LLC increased their price objective on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Cantor Fitzgerald lifted their target price on Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Piper Sandler cut Tenable from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $30.00 in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.68.

Tenable Price Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $4.15 billion, a PE ratio of 753.55 and a beta of 0.94. The stock’s 50 day simple moving average is $35.57 and its 200-day simple moving average is $26.58.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tenable

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Tenable by 11.5% in the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after acquiring an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Tenable by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after purchasing an additional 17,349 shares in the last quarter. Jane Street Group LLC increased its holdings in Tenable by 83.6% during the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after purchasing an additional 51,266 shares during the period. Invesco Ltd. increased its holdings in Tenable by 12.9% during the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after purchasing an additional 13,903 shares during the period. Finally, Amundi raised its position in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after purchasing an additional 30,256 shares in the last quarter. Institutional investors and hedge funds 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.