Cantor Fitzgerald Comments on Tenable FY2025 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Tenable in a research note issued to investors on Monday, March 31st. Cantor Fitzgerald analyst J. Ruykhaver expects that the company will post earnings per share of $0.13 for the year. Cantor Fitzgerald has a “Overweight” rating and a $50.00 price objective on the stock. The consensus estimate for Tenable’s current full-year earnings is $0.12 per share.

Several other research firms have also issued reports on TENB. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Barclays boosted their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Stephens assumed coverage on shares of Tenable in a research report on Tuesday. They set an “equal weight” rating and a $42.00 target price for the company. Truist Financial cut their price target on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday. Finally, Jefferies Financial Group decreased their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.76.

Tenable Trading Down 0.0 %

TENB opened at $35.16 on Wednesday. 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 firm has a market cap of $4.23 billion, a price-to-earnings ratio of -117.20 and a beta of 0.87. Tenable has a 12 month low of $33.84 and a 12 month high of $50.07. The stock has a fifty day moving average price of $38.77 and a 200-day moving average price of $40.24.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data 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 4.03% and a negative return on equity of 2.07%.

Hedge Funds Weigh In On Tenable

Several institutional investors have recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Tenable during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable during the 4th quarter valued at about $38,000. Johnson Financial Group Inc. acquired a new stake in shares of Tenable during the 4th quarter valued at about $53,000. Finally, Larson Financial Group LLC raised its holdings in Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after purchasing an additional 675 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is owned by insiders.

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.