Tenable (NASDAQ:TENB) Trading 10% Higher – Time to Buy?

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price shot up 10% during mid-day trading on Monday . The company traded as high as $32.50 and last traded at $33.1110. 934,484 shares were traded during trading, a decline of 73% from the average session volume of 3,427,959 shares. The stock had previously closed at $30.11.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TENB shares. Piper Sandler cut Tenable from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $30.00 in a report on Thursday, July 30th. Stephens boosted their target price on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group boosted their target price on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald raised their price target on Tenable from $30.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.68.

Tenable Price Performance

The stock has a market cap of $3.74 billion, a PE ratio of 679.04 and a beta of 0.96. The business has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $27.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Research analysts forecast that Tenable Holdings, Inc. will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Tenable in the 2nd quarter worth about $214,000. Integrated Wealth Concepts LLC purchased a new position in Tenable during the 2nd quarter valued at about $197,000. Allworth Financial LP lifted its position in Tenable by 25.6% during the 2nd quarter. Allworth Financial LP now owns 2,838 shares of the company’s stock valued at $105,000 after acquiring an additional 579 shares during the period. Nykredit A S bought a new stake in Tenable during the second quarter worth about $198,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Tenable during the second quarter worth about $3,582,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.