Tenable (NASDAQ:TENB) Stock Price Down 6.2% – Should You Sell?

Tenable Holdings, Inc. (NASDAQ:TENB) traded down 6.2% on Tuesday . The company traded as low as $34.67 and last traded at $35.4070. 493,482 shares were traded during trading, a decline of 85% from the average session volume of 3,207,460 shares. The stock had previously closed at $37.76.

Analyst Ratings Changes

A number of brokerages have commented on TENB. Jefferies Financial Group boosted their target price on shares of Tenable from $22.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, May 22nd. Canaccord Genuity Group increased their target price on shares of Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Stifel Nicolaus lifted their price target on shares of Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, May 22nd. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective for the company in a report on Monday, July 6th. Finally, Robert W. Baird set a $34.00 target price on Tenable in a research note on Thursday, April 30th. Ten 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.63.

Tenable Stock Down 3.7%

The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average price is $30.94 and its two-hundred day moving average price is $24.19. The stock has a market capitalization of $3.62 billion, a PE ratio of -328.30 and a beta of 0.93.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 research analysts forecast that Tenable Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently bought and sold shares of TENB. Quarry LP purchased a new stake in shares of Tenable in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new position in Tenable during the fourth quarter valued at $28,000. Signaturefd LLC lifted its position in Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares during the period. Quadrant Capital Group LLC purchased a new stake in Tenable in the fourth quarter valued at $38,000. Finally, Horizon Investments LLC purchased a new stake in Tenable in the third quarter valued at $45,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.