Tenable (NASDAQ:TENB) Sets New 52-Week High – Time to Buy?

Tenable Holdings, Inc. (NASDAQ:TENB) reached a new 52-week high on Monday . The stock traded as high as $41.45 and last traded at $41.8880, with a volume of 526537 shares. The stock had previously closed at $38.60.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TENB. Robert W. Baird set a $34.00 target price on Tenable in a report on Thursday, April 30th. Jefferies Financial Group upped their price objective on Tenable from $22.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Barclays raised their price objective on Tenable from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price on the stock in a research report on Monday. Finally, Wall Street Zen downgraded Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Tenable currently has a consensus rating of “Hold” and an average target price of $30.89.

Tenable Trading Up 8.8%

The firm’s 50-day moving average is $26.18 and its 200 day moving average is $22.83. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of -420.16 and a beta of 0.93.

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, beating the consensus estimate of $0.41 by $0.06. The firm 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 company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after purchasing an additional 465,039 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after acquiring an additional 713,291 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Tenable by 175.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its position in shares of Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after purchasing an additional 1,010,230 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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.