DA Davidson Issues Negative Estimate for Tenable Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – DA Davidson decreased their Q1 2025 earnings per share (EPS) estimates for Tenable in a report released on Monday, February 10th. DA Davidson analyst R. Kessinger now anticipates that the company will earn ($0.13) per share for the quarter, down from their previous forecast of ($0.10). The consensus estimate for Tenable’s current full-year earnings is $0.18 per share. DA Davidson also issued estimates for Tenable’s FY2025 earnings at $0.04 EPS.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%.

TENB has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Scotiabank raised their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and lowered their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Piper Sandler reduced their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price target (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued 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 target price of $49.67.

Tenable Price Performance

TENB stock opened at $39.60 on Wednesday. The stock has a 50-day moving average price of $41.24 and a two-hundred day moving average price of $41.23. Tenable has a 1 year low of $35.25 and a 1 year high of $51.97. The stock has a market cap of $4.76 billion, a PE ratio of -132.00 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. Creative Planning increased its stake in shares of Tenable by 12.1% in the 2nd quarter. Creative Planning now owns 9,541 shares of the company’s stock valued at $416,000 after purchasing an additional 1,031 shares during the last quarter. Claro Advisors LLC increased its holdings in shares of Tenable by 160.4% during the third quarter. Claro Advisors LLC now owns 16,278 shares of the company’s stock worth $660,000 after buying an additional 10,028 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in shares of Tenable during the 3rd quarter valued at $285,000. Vanderbilt University increased its holdings in Tenable by 7.2% in the 3rd quarter. Vanderbilt University now owns 138,849 shares of the company’s stock worth $5,626,000 after purchasing an additional 9,273 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Tenable by 1.0% during the third quarter. Pinnacle Associates Ltd. now owns 294,080 shares of the company’s stock valued at $11,916,000 after purchasing an additional 3,004 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling

In other news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,463 shares of company stock valued at $894,042. Company insiders own 4.30% 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.