Tenable Holdings, Inc. (NASDAQ:TENB) Receives $34.68 Consensus Target Price from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has earned an average rating of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.6842.

Several brokerages have issued reports on TENB. UBS Group reduced their price target on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Weiss Ratings raised Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Truist Financial decreased their price target on shares of Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Finally, Barclays lowered their price target on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th.

Hedge Funds Weigh In On Tenable

Several large investors have recently added to or reduced their stakes in TENB. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Tenable in the 2nd quarter valued at about $214,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Tenable during the 2nd quarter worth $197,000. Allworth Financial LP raised its position in shares of Tenable by 25.6% in the 2nd quarter. Allworth Financial LP now owns 2,838 shares of the company’s stock worth $105,000 after buying an additional 579 shares during the period. Nykredit A S acquired a new position in Tenable in the second quarter valued at $198,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Tenable during the second quarter worth about $3,582,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Price Performance

TENB stock opened at $35.43 on Thursday. The firm has a 50 day moving average of $35.45 and a 200-day moving average of $28.03. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 708.74 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable has a 12-month low of $15.73 and a 12-month high of $43.67.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. 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 expect that Tenable will post 0.5 EPS for the current fiscal year.

Tenable Company Profile

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company’s product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.