Tenable (NASDAQ:TENB) Releases Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Tenable (NASDAQ:TENB - Get Free Report) issued its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26), Zacks reports. Tenable had a negative return on equity of 6.21% and a negative net margin of 6.82%. Tenable updated its FY 2025 guidance to 1.520-1.600 EPS and its Q1 2025 guidance to 0.280-0.300 EPS.

Tenable Price Performance

NASDAQ TENB traded down $3.36 during trading hours on Thursday, reaching $39.85. 2,646,801 shares of the stock traded hands, compared to its average volume of 1,176,008. The stock has a 50 day simple moving average of $41.45 and a two-hundred day simple moving average of $41.34. Tenable has a 1 year low of $35.25 and a 1 year high of $53.50. 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 company has a market cap of $4.79 billion, a price-to-earnings ratio of -78.14 and a beta of 0.87.

Insider Activity

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the company's 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 sale, the chief financial officer now directly owns 281,536 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,463 shares of company stock worth $894,042. 4.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TENB shares. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Robert W. Baird cut their target price on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Barclays upped their price target on Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday. Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.44.

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.