Tenable (NASDAQ:TENB) Hits New 52-Week High – Still a Buy?

Tenable Holdings, Inc. (NASDAQ:TENB) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.05 and last traded at $42.65, with a volume of 4828414 shares. The stock had previously closed at $39.20.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Stifel Nicolaus increased their target price on shares of Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $29.00 target price on shares of Tenable in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tenable has a consensus rating of “Hold” and an average price target of $31.95.

Tenable Stock Down 1.0%

The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -397.70 and a beta of 0.93. The business has a fifty day simple moving average of $29.74 and a 200 day simple moving average of $23.84. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Tenable by 36.2% in 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 in the last quarter. Fulton Bank N.A. raised its holdings in Tenable by 7.0% in the 1st quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock valued at $197,000 after acquiring an additional 758 shares during the last quarter. Quarry LP purchased a new position in Tenable in the 3rd quarter worth approximately $25,000. Perigon Wealth Management LLC lifted its stake in Tenable by 5.1% in the 4th quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock worth $420,000 after purchasing an additional 872 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after purchasing an additional 948 shares during the last quarter. Hedge funds and other 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.