Tenable (NASDAQ:TENB) Sets New 52-Week High – Time to Buy?

Tenable Holdings, Inc. (NASDAQ:TENB) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $41.45 and last traded at $41.8880, with a volume of 526537 shares trading hands. The stock had previously closed at $38.60.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Susquehanna decreased their target price on Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Barclays raised their price target on Tenable from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. William Blair cut shares of Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Wedbush reiterated an “outperform” rating and issued a $29.00 price objective on shares of Tenable in a report on Tuesday, May 26th. Finally, Jefferies Financial Group increased their price objective on shares of Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tenable presently has an average rating of “Hold” and an average target price of $30.89.

Tenable Stock Performance

The stock’s 50-day simple moving average is $26.18 and its 200-day simple moving average is $22.83. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of -420.16 and a beta of 0.93. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly 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. Analysts forecast that Tenable Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TENB. Quarry LP acquired a new stake in Tenable during the third quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable in the 4th quarter valued at approximately $28,000. Signaturefd LLC lifted 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 acquiring an additional 948 shares during the period. Horizon Investments LLC bought a new stake in shares of Tenable during the 3rd quarter worth approximately $45,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Tenable during the 4th quarter worth approximately $38,000. 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.