Tenable Target of Unusually High Options Trading (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) saw some unusual options trading activity on Tuesday. Traders bought 3,375 call options on the company. This represents an increase of 56% compared to the average volume of 2,170 call options.

Hedge Funds Weigh In On Tenable

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares during the period. BlackRock Inc. acquired a new stake in shares of Tenable during the second quarter worth about $498,387,000. Ameriprise Financial Inc. raised its stake in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares during the period. California State Teachers Retirement System raised its holdings in Tenable by 3,258.3% during the second quarter. California State Teachers Retirement System now owns 4,807,898 shares of the company’s stock worth $177,315,000 after acquiring an additional 4,664,733 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Tenable by 31.8% during the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Price Performance

TENB stock traded down $2.17 on Tuesday, hitting $35.98. 815,705 shares of the company’s stock traded hands, compared to its average volume of 3,343,391. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 719.80 and a beta of 0.94. Tenable has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a fifty day moving average of $35.80 and a 200-day moving average of $26.72.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million for 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $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 forecast that Tenable will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Needham & Company LLC increased their target price on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. TD Cowen upped their target price on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a report on Monday, July 13th. Canaccord Genuity Group upped their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and a consensus price target of $34.68.

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.