Tenable (NASDAQ:TENB) Issues FY 2024 Earnings Guidance

Tenable (NASDAQ:TENB - Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 1.210-1.230 for the period, compared to the consensus EPS estimate of 1.220. The company issued revenue guidance of $893.3 million-$897.3 million, compared to the consensus revenue estimate of $896.0 million. Tenable also updated its Q4 2024 guidance to 0.330-0.350 EPS.

Analyst Ratings Changes

Several research firms have recently issued reports on TENB. Robert W. Baird lowered their price target on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group boosted their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Piper Sandler decreased their price objective on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Morgan Stanley restated an "equal weight" rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Finally, Barclays lowered their price objective on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.63.

Tenable Price Performance

Shares of Tenable stock traded up $1.09 during trading hours on Monday, reaching $40.17. The stock had a trading volume of 874,013 shares, compared to its average volume of 732,338. The firm has a market capitalization of $4.83 billion, a PE ratio of -78.76 and a beta of 0.85. Tenable has a twelve month low of $35.25 and a twelve month high of $53.50. 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 stock's 50 day moving average is $41.28 and its 200 day moving average is $41.51.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 2,801 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 2,209 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the sale, the chief operating officer now owns 35,480 shares in the company, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock valued at $862,879 in the last 90 days. 4.30% of the stock is owned by insiders.

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.