Truist Financial Cuts Tenable (NASDAQ:TENB) Price Target to $30.00

Tenable (NASDAQ:TENB) had its price target lowered by Truist Financial from $40.00 to $30.00 in a research report sent to investors on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other research firms also recently commented on TENB. Weiss Ratings upgraded Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. DA Davidson raised their price target on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Wells Fargo & Company cut their price target on Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday. TD Cowen boosted their price objective on shares of Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, UBS Group decreased their price objective on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Tenable has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Price Performance

TENB stock opened at $32.64 on Thursday. The firm has a 50 day moving average of $32.10 and a 200-day moving average of $24.61. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 652.93 and a beta of 0.93. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. 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 13.58% 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.

Institutional Investors Weigh In On Tenable

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

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable exceeded Q2 expectations, reporting adjusted EPS of $0.51 versus the $0.47 consensus and revenue of $268.51 million versus estimates of $264.87 million. Revenue increased 8.6% year over year. Tenable Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued stronger-than-expected EPS guidance, forecasting Q3 EPS of $0.49–$0.52 versus the $0.42 consensus and full-year EPS of $1.95–$2.00 versus the $1.66 consensus. The outlook reflects momentum in Tenable One, artificial intelligence offerings and customer expansion. TENB Q2 Earnings Beat and Outlook Raised
• Positive Sentiment: Needham raised its price target to $36 from $30 and Canaccord Genuity increased its target to $36 from $30; both firms maintained or initiated a “buy” view. Needham Raises Tenable Price Target
• Neutral Sentiment: Wells Fargo lowered its target to $35 from $43 while retaining an “equal weight” rating, and Barclays and Truist reaffirmed “hold” ratings. Truist separately reduced its target to $30 from $40, signaling limited near-term conviction.
• Negative Sentiment: Piper Sandler cut its rating on Tenable, adding to investor concerns that the improved outlook may already be reflected in the stock’s valuation. Piper Sandler Cuts Tenable Rating

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.