Tenable Sees Unusually High Options Volume (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) saw some unusual options trading on Friday. Stock traders acquired 7,777 call options on the stock. This represents an increase of approximately 673% compared to the typical daily volume of 1,006 call options.

Wall Street Analyst Weigh In

Several research analysts have commented on TENB shares. Stifel Nicolaus lifted their price objective on shares of Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, May 22nd. Wedbush reissued an “outperform” rating and issued a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. Susquehanna lowered their target price on shares of Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a report on Friday, May 1st. DA Davidson raised their target price on shares of Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Canaccord Genuity Group lifted their price target on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.16.

Institutional Investors Weigh In On Tenable

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after acquiring an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after acquiring an additional 17,349 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Tenable by 83.6% in the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after purchasing an additional 51,266 shares during the period. Invesco Ltd. boosted its holdings in shares of Tenable by 12.9% in the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after purchasing an additional 13,903 shares during the period. Finally, Amundi grew its stake in Tenable by 52.0% in the second quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after purchasing an additional 30,256 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Trading Up 8.6%

Tenable stock traded up $2.36 during mid-day trading on Friday, hitting $29.80. The company’s stock had a trading volume of 1,798,514 shares, compared to its average volume of 3,098,369. The company has a 50 day moving average of $24.22 and a 200-day moving average of $22.42. The stock has a market cap of $3.29 billion, a PE ratio of -297.73 and a beta of 0.99. 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 has a one year low of $15.73 and a one year high of $35.69.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last 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, research analysts anticipate that Tenable will post 0.49 EPS for the current 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.