DA Davidson Has Bullish Forecast for Tenable FY2025 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - DA Davidson increased their FY2025 earnings per share (EPS) estimates for Tenable in a research report issued on Thursday, October 31st. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings of $0.24 per share for the year, up from their previous forecast of $0.16. DA Davidson has a "Neutral" rating and a $40.00 price objective on the stock. The consensus estimate for Tenable's current full-year earnings is ($0.06) per share.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The business had revenue of $221.24 million for the quarter, compared to analysts' expectations of $218.41 million. Tenable had a negative net margin of 6.82% and a negative return on equity of 6.42%.

Several other research analysts also recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Tuesday. Robert W. Baird lowered their price objective on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Susquehanna decreased their target price on shares of Tenable from $60.00 to $48.00 and set a "positive" rating on the stock in a research note on Thursday, August 1st. Barclays dropped their price target on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Scotiabank cut their price target on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating on the stock in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Tenable has a consensus rating of "Moderate Buy" and a consensus price target of $50.81.

Tenable Trading Down 2.1 %

Shares of TENB stock traded down $0.83 on Friday, hitting $38.78. 1,656,902 shares of the company's stock traded hands, compared to its average volume of 913,858. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -76.04 and a beta of 0.83. The company's fifty day simple moving average is $40.76 and its 200 day simple moving average is $42.24. Tenable has a one year low of $33.85 and a one year high of $53.50.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the business. Quest Partners LLC bought a new position in shares of Tenable in the second quarter worth about $40,000. Fidelis Capital Partners LLC bought a new position in shares of Tenable in the first quarter worth approximately $58,000. Allspring Global Investments Holdings LLC increased its stake in shares of Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company's stock worth $183,000 after purchasing an additional 312 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Tenable during the 1st quarter valued at $189,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Tenable in the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In related news, COO Mark C. Thurmond sold 3,383 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the sale, the chief operating officer now directly owns 34,079 shares of the company's stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the sale, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,469 shares of company stock valued at $520,276. Corporate insiders own 4.30% of the company's stock.

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.