Tenable (NASDAQ:TENB) Cut to “Hold” at Zacks Research

Tenable (NASDAQ:TENB) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on TENB. Morgan Stanley set a $30.00 price objective on shares of Tenable in a report on Thursday, December 18th. Canaccord Genuity Group set a $33.00 price target on shares of Tenable in a research report on Thursday, February 5th. Piper Sandler cut their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. UBS Group decreased their price objective on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, DA Davidson dropped their target price on shares of Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, ten 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 $30.50.

Tenable Price Performance

Shares of NASDAQ TENB opened at $20.39 on Tuesday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -67.96 and a beta of 0.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.95. Tenable has a fifty-two week low of $17.27 and a fifty-two week high of $38.73. The firm’s 50-day simple moving average is $21.92 and its 200 day simple moving average is $26.18.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, research analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Tenable

In other news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of Tenable stock in a transaction on Monday, February 9th. The stock was acquired at an average cost of $21.50 per share, with a total value of $258,000.00. Following the completion of the acquisition, the director owned 51,731 shares in the company, valued at approximately $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Tenable by 0.6% during the 4th quarter. Pacer Advisors Inc. now owns 379,077 shares of the company’s stock worth $8,920,000 after acquiring an additional 2,096 shares during the last quarter. Invesco Ltd. lifted its stake in Tenable by 12.2% during the fourth quarter. Invesco Ltd. now owns 134,307 shares of the company’s stock worth $3,160,000 after purchasing an additional 14,564 shares during the last quarter. Corient Private Wealth LLC bought a new stake in Tenable during the fourth quarter worth about $1,683,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Tenable in the 4th quarter worth about $209,000. Finally, Vident Advisory LLC increased its position in shares of Tenable by 29.3% during the 4th quarter. Vident Advisory LLC now owns 227,424 shares of the company’s stock valued at $5,351,000 after purchasing an additional 51,541 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

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.