Canaccord Genuity Group Issues Pessimistic Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its price target reduced by stock analysts at Canaccord Genuity Group from $33.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 34.04% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Morgan Stanley set a $27.00 target price on shares of Tenable in a report on Thursday. William Blair downgraded shares of Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday. Truist Financial set a $27.00 target price on shares of Tenable in a research report on Tuesday, January 20th. JPMorgan Chase & Co. lowered their target price on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 target price on shares of Tenable in a research note on Friday, January 30th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.94.

Tenable Stock Down 2.7%

Shares of Tenable stock traded down $0.58 during trading on Thursday, hitting $20.89. 8,133,440 shares of the stock traded hands, compared to its average volume of 2,980,130. The firm has a market cap of $2.39 billion, a P/E ratio of -69.63 and a beta of 0.75. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. Tenable has a 52-week low of $15.73 and a 52-week high of $35.69. The stock’s fifty day simple moving average is $19.22 and its 200 day simple moving average is $23.12.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, equities analysts predict that Tenable will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the acquisition, the director directly owned 51,731 shares in the company, valued at $1,112,216.50. The trade was a 30.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Tenable in the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable during the fourth quarter valued at $28,000. Signaturefd LLC grew its holdings in shares of Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 948 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Tenable during the fourth quarter valued at $38,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Tenable during the third quarter valued at $45,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Key Headlines Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable reported Q1 results that beat consensus (EPS $0.47 vs. $0.41; revenue $262.1M vs. $258.8M) and raised guidance sharply — Q2 EPS guide of $0.460–0.48 vs. consensus ~$0.37 and FY26 EPS guide of $1.900–1.980 vs. consensus ~$1.58 — which should support upside if execution continues. Tenable Announces First-Quarter 2026 Financial Results
• Positive Sentiment: Analyst support remains in places: Needham kept a Buy rating and still projects meaningful upside even though it trimmed its price target to $26 (from $28). That shows some sell?side conviction in Tenable’s growth trajectory. Benzinga The Fly
• Neutral Sentiment: Coverage and disclosure materials (press release, slide deck, conference call) are available for investors to review the cadence and margin assumptions behind the guidance — useful but not an immediate price driver absent new detail. Press Release / Slide Deck
• Negative Sentiment: Some sell?side moves are weighing on the stock: William Blair downgraded Tenable (coverage note) and Wells Fargo moved its target to $20 with an “equal weight” call — both actions increase near?term selling pressure and signal caution despite the quarter. William Blair Downgrade Wells Fargo Note
• Negative Sentiment: Market reaction: despite the beat and guide raise, headlines note the stock fell on the print — likely a mix of profit-taking after recent gains, analyst target adjustments, and questions about margins (company still shows a negative net margin). Yahoo Markets

About Tenable

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.