DA Davidson Analysts Lower Earnings Estimates for Tenable

Tenable Holdings, Inc. (NASDAQ:TENB) – Equities research analysts at DA Davidson decreased their Q1 2025 earnings per share (EPS) estimates for Tenable in a note issued to investors on Monday, February 10th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings per share of ($0.13) 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.

TENB has been the subject of a number of other reports. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Scotiabank raised their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Piper Sandler decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Barclays upped their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.67.

Tenable Trading Down 1.4 %

TENB opened at $39.60 on Wednesday. The company has a fifty 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 company has a market cap of $4.76 billion, a P/E 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.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share 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%.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 2,801 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the transaction, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. This 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 link. Also, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the completion of the sale, the chief operating officer now directly owns 37,188 shares in the company, valued at approximately $1,589,415.12. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,463 shares of company stock valued at $894,042 in the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after acquiring an additional 305,334 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares in the last quarter. State Street Corp raised its position in shares of Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares during the period. Geode Capital Management LLC lifted its stake in shares of Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after buying an additional 8,746 shares in the last quarter. Finally, Norges Bank bought a new position in Tenable in the 4th quarter worth approximately $54,950,000. 89.06% of the stock is owned by institutional investors.

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.