Tenable (NASDAQ:TENB) Upgraded at Wells Fargo & Company

Tenable (NASDAQ:TENB) was upgraded by Wells Fargo & Company to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Barclays cut their target price on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Canaccord Genuity Group set a $33.00 target price on shares of Tenable in a research note on Thursday, February 5th. Wedbush dropped their price target on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Piper Sandler cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.50.

Tenable Stock Performance

Tenable stock opened at $19.96 on Monday. The stock has a 50-day simple moving average of $21.99 and a 200 day simple moving average of $26.22. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -66.53 and a beta of 0.67. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. Tenable has a 12-month low of $17.27 and a 12-month high of $38.83.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, research analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tenable news, Director Arthur W. Coviello, Jr. bought 12,000 shares of Tenable stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of $21.50 per share, for a total transaction 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. The trade was a 30.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were 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.

Hedge Funds Weigh In On Tenable

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Tenable in the 3rd quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC bought a new position in Tenable in the second quarter valued at approximately $37,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable in the fourth quarter valued at approximately $28,000. Signaturefd LLC boosted its holdings in shares of Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 948 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Tenable during the third quarter worth $45,000. 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.