DA Davidson Analysts Increase Earnings Estimates for Tenable

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

Several other equities research analysts also recently weighed in on TENB. Jefferies Financial Group upped their target price on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Robert W. Baird reduced their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Barclays raised their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

Tenable Stock Up 1.0 %

Shares of Tenable stock opened at $40.23 on Friday. Tenable has a twelve month low of $35.25 and a twelve month high of $52.50. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -78.88 and a beta of 0.87. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average price of $41.41 and a 200 day moving average price of $41.33.

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

Insider Buying and Selling

In related news, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was 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. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $100,139.82. Following the sale, the chief operating officer now owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,463 shares of company stock worth $894,042. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC grew its stake in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Tenable in the fourth quarter valued at $38,000. Nisa Investment Advisors LLC lifted its stake in Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after buying an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after buying an additional 657 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.