TENB
Tenable Holdings, Inc. Y
Valuation
Opportunity Score
Overview
Tenable is a cybersecurity firm specializing in exposure management and vulnerability assessment. It provides the Nessus platform to help organizations identify and prioritize security risks across cloud, IT, and operational technology environments.
Investment Thesis
Although heavy insider liquidation totaling $2.88M and a projected deceleration in EPS growth from 17.7% to 11.0% signal internal caution, Tenable remains a high-margin cash generator. The company has maintained operational discipline, evidenced by four consecutive earnings beats and a robust TTM FCF margin of 25.0%. While the market has discounted the stock to $15.87, the bull case rests on a significant valuation re-rating toward the $30.05 analyst mean target, assuming the company can stabilize its growth engine despite net insider share reductions of 99,476 over the last six months.
🕵️ Insider Radar
| Date | Insider | Type | Value |
|---|---|---|---|
| 2026-02-13 | Buy | 99.8K | |
| 2026-02-09 | Buy | 258K | |
| 2025-12-17 | Sell | 2.9M | |
| 2025-10-20 | Sell | 28.4K |
🔭 Quarterly Summary
Tenable (TENB) delivered a solid quarter characterized by 10.5% YoY revenue growth and 3.2% sequential growth. The company maintains high operational efficiency with a gross margin of 78.8% and a robust TTM Free Cash Flow (FCF) margin of 25.0%. Management has demonstrated consistent execution, achieving four consecutive earnings beats over the last four quarters, though growth rates show signs of moderation compared to historical peaks.