Tenable (NASDAQ:TENB) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. DA Davidson increased their target price on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Piper Sandler lowered shares of Tenable from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th. Scotiabank raised shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target for the company in a research report on Monday, July 6th. Finally, Truist Financial decreased their price objective on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.68.

Tenable Stock Up 2.2%

Tenable stock opened at $36.20 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 724.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s fifty day moving average is $35.39 and its two-hundred day moving average is $28.20. Tenable has a 1-year low of $15.73 and a 1-year high of $43.67.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating 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 the consensus estimate of $264.87 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, sell-side analysts expect that Tenable will post 0.5 EPS for the current fiscal year.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently bought and sold shares of TENB. Harbor Investment Advisory LLC purchased a new position in Tenable during the 2nd quarter worth $66,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Tenable in the second quarter valued at about $81,000. Persistent Asset Partners Ltd purchased a new stake in shares of Tenable in the second quarter valued at about $88,000. GAMMA Investing LLC boosted its stake in shares of Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $93,000 after buying an additional 671 shares during the period. Finally, Allworth Financial LP acquired a new stake in shares of Tenable during the second quarter worth about $105,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

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.