Tenable (NASDAQ:TENB) Stock Price Down 3.9% – Time to Sell?

Tenable Holdings, Inc. (NASDAQ:TENB) was down 3.9% on Tuesday . The company traded as low as $32.67 and last traded at $32.6050. 469,832 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 3,194,807 shares. The stock had previously closed at $33.94.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TENB. DA Davidson lifted their price target on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Piper Sandler cut shares of Tenable from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Morgan Stanley set a $27.00 target price on shares of Tenable in a research report on Thursday, April 30th. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tenable presently has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Price Performance

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $3.54 billion, a P/E ratio of 642.33 and a beta of 0.94. The firm has a 50-day moving average price of $34.88 and a 200 day moving average price of $26.19.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.Tenable’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. 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 expect that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Tenable

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after purchasing an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Tenable by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after purchasing an additional 17,349 shares during the last quarter. Jane Street Group LLC boosted its position in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after buying an additional 51,266 shares during the period. Invesco Ltd. boosted its position in Tenable by 12.9% during the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after buying an additional 13,903 shares during the period. Finally, Amundi grew its stake in shares of Tenable by 52.0% during the second quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after buying an additional 30,256 shares during the last quarter. 89.06% of the stock is currently 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.