Cantor Fitzgerald Forecasts Tenable FY2025 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Cantor Fitzgerald issued their FY2025 EPS estimates for Tenable in a research note issued on Monday, March 31st. Cantor Fitzgerald analyst J. Ruykhaver forecasts that the company will post earnings per share of $0.13 for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $50.00 price target on the stock. The consensus estimate for Tenable's current full-year earnings is $0.12 per share.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%.

A number of other analysts have also recently weighed in on the stock. Barclays increased their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Scotiabank lifted their price objective on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Truist Financial lowered their target price on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Morgan Stanley began coverage on shares of Tenable in a report on Tuesday, March 18th. They set an "equal weight" rating and a $40.00 price target for the company. Finally, Jefferies Financial Group decreased their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.76.

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Tenable Stock Performance

TENB stock traded down $1.30 during midday trading on Wednesday, hitting $32.05. The stock had a trading volume of 1,326,903 shares, compared to its average volume of 962,767. The stock has a 50-day simple moving average of $38.33 and a 200 day simple moving average of $40.14. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -106.83 and a beta of 0.88. Tenable has a 52 week low of $31.47 and a 52 week high of $50.07. 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 Investors Weigh In On Tenable

A number of institutional investors have recently made changes to their positions in TENB. State Street Corp boosted its stake in Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company's stock worth $118,058,000 after acquiring an additional 73,293 shares during the last quarter. Geode Capital Management LLC raised its stake in Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock worth $113,255,000 after buying an additional 33,303 shares during the period. Assenagon Asset Management S.A. bought a new position in Tenable during the fourth quarter worth about $15,653,000. Nordea Investment Management AB raised its holdings in Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock worth $10,489,000 after buying an additional 25,247 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after buying an additional 177,048 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares of the company's stock, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, 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 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. 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.