DA Davidson Has Bullish Estimate for Tenable FY2025 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – Research analysts at DA Davidson upped their FY2025 EPS estimates for shares of Tenable in a research note issued to investors on Thursday, February 6th. DA Davidson analyst R. Kessinger now anticipates that the company will earn $0.31 per share for the year, up from their previous estimate of $0.23. The consensus estimate for Tenable’s current full-year earnings is ($0.02) per share.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 6.82% and a negative return on equity of 6.21%.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Barclays increased their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.44.

Tenable Trading Down 7.8 %

Shares of NASDAQ TENB opened at $39.85 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable has a 52-week low of $35.25 and a 52-week high of $53.50. The firm has a 50 day moving average price of $41.45 and a two-hundred day moving average price of $41.34. The stock has a market cap of $4.79 billion, a P/E ratio of -78.14 and a beta of 0.87.

Insider Buying and Selling at Tenable

In related news, CEO Amit Yoran sold 5,293 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the transaction, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at $2,209,273.34. This trade represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the transaction, the director now directly owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,463 shares of company stock valued at $894,042. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TENB. Dimensional Fund Advisors LP lifted its position in shares of Tenable by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock valued at $2,972,000 after purchasing an additional 858 shares in the last quarter. Creative Planning lifted its position in shares of Tenable by 12.1% during the second quarter. Creative Planning now owns 9,541 shares of the company’s stock valued at $416,000 after purchasing an additional 1,031 shares in the last quarter. SG Americas Securities LLC bought a new stake in Tenable in the third quarter worth about $1,277,000. Handelsbanken Fonder AB raised its position in Tenable by 14.3% in the third quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock worth $1,098,000 after acquiring an additional 3,400 shares during the period. Finally, Fulton Bank N.A. raised 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 during the period. 89.06% of the stock is owned by institutional investors.

About Tenable

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.