Tenable (NASDAQ:TENB) Stock Price Down 8.8% – Here’s Why

by · The Markets Daily

Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) was down 8.8% on Monday . The company traded as low as $18.19 and last traded at $18.1490. Approximately 581,640 shares changed hands during trading, a decline of 77% from the average daily volume of 2,540,275 shares. The stock had previously closed at $19.91.

Wall Street Analyst Weigh In

TENB has been the subject of a number of research reports. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 25th. Wedbush lowered their target price on Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. TD Cowen dropped their target price on Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Morgan Stanley set a $30.00 price target on Tenable in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and a consensus target price of $31.94.

Check Out Our Latest Research Report on TENB

Tenable Stock Performance

The stock has a 50 day moving average of $22.79 and a 200 day moving average of $26.74. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -58.26 and a beta of 0.63. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENBGet Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the purchase, the director directly owned 51,731 shares in the company, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Tenable

A number of institutional investors and hedge funds have recently modified their holdings of TENB. Invesco Ltd. increased its stake in shares of Tenable by 12.2% in the 4th quarter. Invesco Ltd. now owns 134,307 shares of the company’s stock valued at $3,160,000 after acquiring an additional 14,564 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Tenable in the fourth quarter worth $1,683,000. Mercer Global Advisors Inc. ADV bought a new stake in Tenable in the fourth quarter valued at $209,000. Vident Advisory LLC increased its stake in Tenable by 29.3% in the fourth quarter. Vident Advisory LLC now owns 227,424 shares of the company’s stock valued at $5,351,000 after purchasing an additional 51,541 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Tenable during the fourth quarter valued at about $173,000. 89.06% of the stock is currently owned by institutional investors.

About Tenable

(Get Free Report)

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.

Featured Articles