Tenable (NASDAQ:TENB) Rating Lowered to “Buy” at Wall Street Zen

Tenable (NASDAQ:TENB) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. Truist Financial set a $27.00 price objective on shares of Tenable in a research note on Tuesday, January 20th. Barclays lowered their target price on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Jefferies Financial Group dropped their price target on shares of Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, February 2nd. DA Davidson cut their price target on Tenable from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 price objective on shares of Tenable in a report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.50.

Tenable Price Performance

TENB stock opened at $20.29 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $21.50 and its 200 day simple moving average is $25.68. Tenable has a 12-month low of $17.27 and a 12-month high of $37.90. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of -67.63 and a beta of 0.67.

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

Insider Activity

In other news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was bought at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the purchase, the director owned 51,731 shares of the company’s stock, valued at $1,112,216.50. The trade was a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Tenable

Several hedge funds and other institutional investors have recently modified their holdings of TENB. Corient Private Wealth LLC purchased a new position in shares of Tenable in the fourth quarter valued at $1,683,000. Hsbc Holdings PLC lifted its holdings in Tenable by 19.0% during the 4th quarter. Hsbc Holdings PLC now owns 173,914 shares of the company’s stock worth $4,109,000 after purchasing an additional 27,825 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Tenable by 0.6% in the 4th quarter. Pacer Advisors Inc. now owns 379,077 shares of the company’s stock worth $8,920,000 after purchasing an additional 2,096 shares during the period. Invesco Ltd. boosted its stake in Tenable by 12.2% in the 4th 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 period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Tenable during the 4th quarter valued at about $209,000. 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.