Stock Traders Buy High Volume of Tenable Call Options (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) saw unusually large options trading activity on Monday. Traders acquired 3,126 call options on the company. This is an increase of approximately 53% compared to the average volume of 2,037 call options.

Institutional Investors Weigh In On Tenable

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Tenable in the 2nd quarter valued at approximately $498,387,000. The Manufacturers Life Insurance Company bought a new stake in shares of Tenable in the second quarter worth $76,759,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Tenable by 175.1% in the first 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. Freestone Grove Partners LP bought a new stake in shares of Tenable in the second quarter worth $42,489,000. Finally, Bank of America Corp DE acquired a new stake in Tenable in the second quarter valued at $30,884,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 5.3%

Tenable stock traded up $2.35 during trading on Monday, reaching $46.94. 1,702,659 shares of the company’s stock were exchanged, compared to its average volume of 3,520,787. The company’s 50-day moving average is $36.57 and its two-hundred day moving average is $31.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable has a 52-week low of $15.73 and a 52-week high of $47.66. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 937.55 and a beta of 1.01.

Tenable (NASDAQ:TENB) last announced its earnings results 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. The business had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, analysts predict that Tenable will post 0.50 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Tenable from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Robert W. Baird lifted their target price on Tenable from $41.00 to $50.00 and gave the company an “outperform” rating in a report on Monday. Needham & Company LLC lifted their target price on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Hold” and a consensus price target of $36.40.

About Tenable

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.