TENX

TENAX THERAPEUTICS, INC.

Nasdaq · Pharmaceutical Preparations · Inc. DE · CIK 0000034956
$11.48 +6.99% $304.5M
7 New Institutional Positions
Vol
Market Cap$304.5M
Cap SizeSmall Cap
Analyst ConsensusStrong Buy (92%)
Inst. Holders35 funds
Inst. Value$109.2M
Inst. Activity7 buys / 0 sells
SEC Reports5
Press Releases1
Exchange Nasdaq·Sector Pharmaceutical Preparations·Inc. DE·CIK 0000034956·Prev Close $10.73

Recent Activity

May 12, 2026 SEC
Tenax Therapeutics reported Q1 2026 EPS of -$0.35, beating consensus of -$0.40 by 12.5%, though net loss widened to $15.
8-K — Impact 4/10
May 12, 2026 SEC
Tenax Therapeutics reported Q1 2026 EPS of -$0.35, beating consensus of -$0.40 by 12.5%, but net loss widened to $15.7M
PRESS-RELEASE — Impact 5/10
May 12, 2026 earnings
Tenax Therapeutics Reports First Quarter 2026 Financial Results and Provides Corporate Update
<p align="center"><em>On track to report topline data from Phase 3 LEVEL study of TNX-103 in third q
May 11, 2026 Insider
STAAB THOMAS R II was granted 10,000 shares
Chief Financial Officer
May 11, 2026 Insider
STAAB THOMAS R II was granted 450,000 shares
Chief Financial Officer
Apr 22, 2026 SEC
Tenax Therapeutics filed its definitive proxy statement (DEFA14A) for its 2026 annual meeting, which includes the re-ele
DEFA14A — Impact 3/10
Jan 30, 2026 Insider
MCGAULEY THOMAS acquired via exercise 50,000 shares
Interim CFO
Inst.
JANUS HENDERSON GROUP PLC — DOUBLED
1,815,474 shares ($29.1M)

Price Targets

$34.00 +196.2% upside Strong Buy
Current $11.48 Low $26.00 Median $34.00 High $50.00 7 analysts
$26.00 $50.00

Analyst Ratings

Strong Buy92% buy · 12 analysts
5Strong Buy
6Buy
1Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 12, 2026 Piper Sandler MAINTAIN Overweight → Overweight
Mar 17, 2026 Cantor Fitzgerald INITIATE Overweight
Mar 16, 2026 Guggenheim MAINTAIN Buy → Buy
Dec 17, 2025 Guggenheim MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $-0.37 ▲ +6.3% $-0.37 — $-0.37 -37% YoY 2
Next Q $-0.41 ▲ +4.7% $-0.41 — $-0.40 -1% YoY 2
Current FY $-1.56 ▼ -3.6% $-1.59 — $-1.54 -17% YoY 4
Next FY $-1.41 $-1.56 — $-1.27 10% YoY 5

Top Institutional Holders

FundValueMove
ROYAL BANK OF CANADA
JANUS HENDERSON GROUP PLC$29.1MDOUBLED
MORGAN STANLEY$9.5MDOUBLED
ADAGE CAPITAL PARTNERS GP,$8.6MDOUBLED
Point72 Asset Management, L.P.$8.5MADD

Recent Insider Trades

DateInsiderTypeValue
May 11, 2026STAAB THOMASA$0.00
May 11, 2026STAAB THOMASA$0.00
Jan 30, 2026MCGAULEY THOMASM$0.00
35 institutional holders with $109.2M total value (9,819,109 shares) as of 2026-Q1. Top holders: ROYAL, JANUS, MORGAN. Net buying activity: 7 institutions added/increased vs 0 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1ROYAL BANK OF CANADA4$0.000.0%
2JANUS HENDERSON GROUP PLC1,815,474$29.1M26.6%DOUBLED +989.3%
3MORGAN STANLEY596,564$9.5M8.7%DOUBLED +234.4%
4ADAGE CAPITAL PARTNERS GP, L.L.C.540,126$8.6M7.9%DOUBLED +548.2%
5Point72 Asset Management, L.P.533,965$8.5M7.8%ADD +26.1%
6TD ASSET MANAGEMENT INC399,184$6.4M5.8%
7RTW INVESTMENTS, LP370,246$5.9M5.4%
8MARSHALL WACE, LLP352,572$5.6M5.2%ADD +68.2%
9Woodline Partners LP323,911$5.2M4.7%DOUBLED +125.8%
10FMR LLC322,600$5.2M4.7%DOUBLED +128.6%
11AMERIPRISE FINANCIAL INC279,537$4.5M4.1%
12VANGUARD CAPITAL MANAGEMENT LLC263,421$4.2M3.9%
13BALYASNY ASSET MANAGEMENT L.P.194,616$3.1M2.8%
14RENAISSANCE TECHNOLOGIES LLC152,600$2.4M2.2%DOUBLED +121.9%
15CITADEL ADVISORS LLC152,516$2.4M2.2%DOUBLED +318.1%
16ExodusPoint Capital Management, LP120,529$1.9M1.8%
17TWO SIGMA INVESTMENTS, LP68,588$1.1M1.0%
18DIMENSIONAL FUND ADVISORS LP62,786$1.0M0.9%
19Trexquant Investment LP50,712$810.9K0.7%
20VANGUARD FIDUCIARY TRUST CO33,430$534.5K0.5%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
JANUS HENDERSON GROUP PLCDOUBLED166,6661,815,474+989.3%$29.1M2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C.DOUBLED83,333540,126+548.2%$8.6M2026-Q1
Point72 Asset Management, L.P.ADD423,415533,965+26.1%$8.5M2026-Q1
Woodline Partners LPDOUBLED143,481323,911+125.8%$5.2M2026-Q1
FMR LLCDOUBLED141,100322,600+128.6%$5.2M2026-Q1
BANK OF AMERICA CORP /DE/DOUBLED3,78018,569+391.2%$296.9K2026-Q1
Rockefeller Capital Management L.P.DOUBLED12,501+250000.0%$40.0K2026-Q1
MORGAN STANLEYDOUBLED178,329596,376+234.4%$7.3M2025-Q4
MARSHALL WACE, LLPADD177,209298,153+68.2%$3.6M2025-Q4
VANGUARD GROUP INCADD161,800255,664+58.0%$3.1M2025-Q4
Woodline Partners LPADD88,211143,481+62.7%$1.7M2025-Q4
RENAISSANCE TECHNOLOGIES LLCDOUBLED56,600125,579+121.9%$1.5M2025-Q4
BlackRock, Inc.DOUBLED30116,714+5452.8%$203.7K2025-Q4
BANK OF AMERICA CORP /DE/DOUBLED2543,780+1388.2%$46.1K2025-Q4
Rockefeller Capital Management L.P.TRIM21-50.0%$12.002025-Q4
VANGUARD GROUP INCDOUBLED22,287161,800+626.0%$1.2M2025-Q3
CITADEL ADVISORS LLCDOUBLED10,34543,253+318.1%$329.2K2025-Q3
UBS Group AGDOUBLED14119+750.0%$906.002025-Q3
UBS Group AGNEAR_EXIT2,89314-99.5%$81.002025-Q2
MORGAN STANLEYADD74,445121,094+62.7%$793.2K2025-Q1
UBS Group AGDOUBLED32,893+96333.3%$18.9K2025-Q1
BANK OF AMERICA CORP /DE/DOUBLED28229+717.9%$1.5K2025-Q1
MORGAN STANLEYDOUBLED26074,445+28532.7%$460.8K2024-Q4
UBS Group AGNEAR_EXIT6883-99.6%$18.002024-Q4
BANK OF AMERICA CORP /DE/ADD1628+75.0%$97.002024-Q3
2 unique insiders with 3 transactions. Net insider value: $0.00 ($0.00 bought, $0.00 sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
May 11, 2026STAAB THOMAS R IIChief Financial OfficerAWARD10,000
May 11, 2026STAAB THOMAS R IIChief Financial OfficerAWARD450,000
Jan 30, 2026MCGAULEY THOMASInterim CFOEXERCISE50,000
Current analyst consensus: Strong Buy (92% buy). Based on 12 analysts: 5 strong buy, 6 buy, 1 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$34.00 mean target +196.2% upside Strong Buy (1.14)
$26.00 Low $50.00 High
MetricValue
Current Price$11.48
Target Low$26.00
Target Mean$34.00
Target Median$34.00
Target High$50.00
# Analysts7
RecommendationStrong Buy (1.14)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$-0.37 $-0.37 $-0.37 -37.0% +6.3% 1↑ 0↓ $0.0B 0.0% 2
Next Q
2026-09-30
$-0.41 $-0.41 $-0.40 -1.3% +4.7% 1↑ 0↓ $0.0B 0.0% 2
Current FY
2026-12-31
$-1.56 $-1.59 $-1.54 -16.6% -3.6% 1↑ 0↓ $0.0B 0.0% 4
Next FY
2027-12-31
$-1.41 $-1.56 $-1.27 9.8% +0.0% 1↑ 0↓ $0.0B 0.0% 5

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$-0.370
7d ago$-0.370
30d ago$-0.395+0.025
60d ago$-0.410+0.040
90d ago$-0.410+0.040
3 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 12, 2026 Piper Sandler MAINTAIN Overweight Overweight
Mar 17, 2026 Cantor Fitzgerald INITIATE Overweight
Mar 16, 2026 Guggenheim MAINTAIN Buy Buy
Dec 17, 2025 Guggenheim MAINTAIN Buy Buy

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20265610092%
May 1, 20265610092%
Apr 1, 20265610092%
Mar 1, 20265510091%
Feb 1, 20265510091%
Jan 1, 20265510091%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

May 12, 2026
earnings
Tenax Therapeutics Reports First Quarter 2026 Financial Results and Provides Corporate Update
<p align="center"><em>On track to report topline data from Phase 3 LEVEL study of TNX-103 in third quarter of 2026</em></p>
May 12, 2026
earnings_calendar
TENX Q1 2026 Earnings Scheduled — 2026-05-12
May 8, 2026
contract
Tenax Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
<p>CHAPEL HILL, N.C., May 08, 2026 (GLOBE NEWSWIRE) -- Tenax Therapeutics, Inc. (Nasdaq: TENX) (“Tenax” or “Tenax Therapeutics” or the “Company”), a
May 4, 2026
other
Tenax Therapeutics Appoints Timothy Healey, MBA as Chief Commercial Officer
Mr. Healey is a seasoned pharmaceutical executive with a strong track record of successful commercial leadership experience <pre>Mr. Healey is a seaso
Apr 22, 2026
Clinical Trial
Open-Label Rollover Study of Levosimendan in PH-HFpEF Patients
Phase Phase 2 — COMPLETED
Apr 22, 2026
other
Tenax Therapeutics Appoints Thomas R. Staab, II as Chief Financial Officer
<p align="center"><em>Mr. Staab has over 25 years of financial and executive experience across the healthcare industry</em><br></p>
Apr 10, 2026
short_interest
FTD: TENX — 40,470 shares ($0.6M) failed to deliver
Settlement: 20260410, Price: $14.96, FTD Value: $605,431.2, TENAX THERAPEUTICS INC COM PAR
Mar 23, 2026
earnings_calendar
TENX Q4 2025 Earnings After Market Close — 2026-03-23
Mar 10, 2026
earnings
Tenax Therapeutics Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Corporate Update
<p align="center"><em>Achieved randomization target of 230 patients in LEVEL study, topline data expected in third quarter of 2026</em></p>
Feb 9, 2026
short_interest
FTD: TENX — 74,000 shares ($0.9M) failed to deliver
Settlement: 20260209, Price: $12.73, FTD Value: $942,020, TENAX THERAPEUTICS INC COM PAR
Feb 6, 2026
short_interest
FTD: TENX — 88,800 shares ($1.1M) failed to deliver
Settlement: 20260206, Price: $12.36, FTD Value: $1,097,568, TENAX THERAPEUTICS INC COM PAR
Feb 5, 2026
short_interest
FTD: TENX — 88,800 shares ($1.2M) failed to deliver
Settlement: 20260205, Price: $13.13, FTD Value: $1,165,944, TENAX THERAPEUTICS INC COM PAR
Feb 4, 2026
short_interest
FTD: TENX — 89,702 shares ($1.2M) failed to deliver
Settlement: 20260204, Price: $12.95, FTD Value: $1,161,640.9, TENAX THERAPEUTICS INC COM PAR
Feb 3, 2026
short_interest
FTD: TENX — 88,800 shares ($1.1M) failed to deliver
Settlement: 20260203, Price: $12.95, FTD Value: $1,149,960, TENAX THERAPEUTICS INC COM PAR
Feb 2, 2026
short_interest
FTD: TENX — 44,087 shares ($0.6M) failed to deliver
Settlement: 20260202, Price: $12.51, FTD Value: $551,528.37, TENAX THERAPEUTICS INC COM PAR