FY2025 Earnings Estimate for Tenable Issued By DA Davidson

Tenable Holdings, Inc. (NASDAQ:TENB) – Investment analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of Tenable in a report issued on Thursday, October 31st. DA Davidson analyst R. Kessinger now expects that the company will earn $0.24 per share for the year, up from their previous forecast of $0.16. DA Davidson currently has a “Neutral” rating and a $40.00 target price on the stock. The consensus estimate for Tenable’s current full-year earnings is ($0.06) per share.

Several other analysts have also issued reports on the stock. Stifel Nicolaus cut their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Morgan Stanley reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Canaccord Genuity Group lowered their target price on Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.81.

Tenable Trading Down 3.9 %

Tenable stock opened at $39.61 on Friday. The business has a 50-day simple moving average of $40.76 and a two-hundred day simple moving average of $42.24. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The company has a market cap of $4.72 billion, a P/E ratio of -77.67 and a beta of 0.83.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative return on equity of 6.42% and a negative net margin of 6.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in Tenable by 1.8% during the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after purchasing an additional 276 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Tenable by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after acquiring an additional 312 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Tenable by 5.5% in the 2nd quarter. Xponance Inc. now owns 7,441 shares of the company’s stock valued at $324,000 after acquiring an additional 389 shares during the last quarter. Fulton Bank N.A. grew its position in Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after acquiring an additional 443 shares in the last quarter. Finally, Olympiad Research LP increased its stake in Tenable by 11.1% during the third quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after acquiring an additional 528 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares in the company, valued at approximately $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the sale, the chief operating officer now owns 34,079 shares of the company’s stock, valued at $1,419,731.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at $1,641,150.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,469 shares of company stock worth $520,276 over the last quarter. Insiders own 4.30% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.