DA Davidson Comments on Tenable's Q1 Earnings (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Stock analysts at DA Davidson reduced their Q1 2025 earnings per share (EPS) estimates for Tenable in a report issued on Monday, February 10th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings of ($0.13) per share for the quarter, down from their prior 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.

Several other equities analysts have also recently weighed in on TENB. Morgan Stanley reissued an "equal weight" rating and set 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 lowered their price target on Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Scotiabank boosted their price target on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Jefferies Financial Group boosted their price target on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and lowered their price target for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tenable currently has an average rating of "Moderate Buy" and an average target price of $49.67.

Tenable Stock Performance

Shares of NASDAQ TENB traded down $0.50 during trading hours on Wednesday, hitting $39.02. 599,597 shares of the company's stock were exchanged, compared to its average volume of 1,209,002. Tenable has a 1-year low of $35.25 and a 1-year high of $51.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -130.07 and a beta of 0.87. The company's 50-day moving average price is $41.10 and its 200-day moving average price is $41.19.

Tenable (NASDAQ:TENB - Get Free Report) last posted 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 return on equity of 2.07% and a negative net margin of 4.03%.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the company's stock in a transaction on 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 owns 45,171 shares of the company's stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares in the company, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,463 shares of company stock valued at $894,042. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after purchasing an additional 575 shares during the period. Covestor Ltd lifted its stake in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after purchasing an additional 289 shares during the period. Larson Financial Group LLC lifted its stake in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Tenable in the 4th quarter valued at $35,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Tenable in the 4th quarter valued at $38,000. 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.