Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $34.68

Tenable Holdings, Inc. (NASDAQ:TENB) has earned a consensus rating of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $34.6842.

A number of research firms have issued reports on TENB. TD Cowen raised their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wedbush cut Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 price target on the stock. in a research report on Thursday, September 10th. Truist Financial cut their price target on Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Piper Sandler cut Tenable from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Finally, Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th.

Hedge Funds Weigh In On Tenable

A number of large investors have recently modified their holdings of TENB. BlackRock Inc. purchased a new stake in Tenable in the second quarter valued at approximately $498,387,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after buying an additional 2,375,587 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Tenable in the 2nd quarter worth $76,759,000. Norges Bank purchased a new stake in shares of Tenable during the 4th quarter valued at $44,542,000. Finally, Renaissance Technologies LLC raised its position in shares of Tenable by 140.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock valued at $21,315,000 after buying an additional 736,800 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Trading Up 0.9%

TENB opened at $36.23 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The firm has a market capitalization of $3.99 billion, a PE ratio of 724.74 and a beta of 0.96. The company’s 50-day moving average is $35.18 and its 200 day moving average is $28.42.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $264.87 million. During the same period last year, the business earned $0.34 EPS. The business’s revenue 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. As a group, research analysts predict that Tenable will post 0.5 earnings per share for the current fiscal year.

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.