Stephens Boosts Tenable (NASDAQ:TENB) Price Target to $29.00

Tenable (NASDAQ:TENB) had its price target lifted by Stephens from $24.00 to $29.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price objective points to a potential upside of 13.73% from the stock’s current price.

Several other brokerages have also recently weighed in on TENB. Stifel Nicolaus upped their price target on Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday. Barclays raised their price objective on Tenable from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Zacks Research downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Canaccord Genuity Group increased their price target on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group lifted their price target on shares of Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.05.

Tenable Stock Performance

Tenable stock opened at $25.50 on Tuesday. The stock’s 50 day simple moving average is $20.05 and its two-hundred day simple moving average is $22.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -255.00 and a beta of 0.87. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $35.69.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. 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, analysts expect that Tenable will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Tenable in the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tenable in the 4th quarter worth about $28,000. Signaturefd LLC boosted its stake in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after purchasing an additional 948 shares in the last quarter. Quadrant Capital Group LLC bought a new position in Tenable in the 4th quarter worth about $38,000. Finally, Horizon Investments LLC purchased a new stake in Tenable during the 3rd quarter valued at about $45,000. 89.06% of the stock is owned by institutional investors.

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.