Tenable (NASDAQ:TENB) Updates Q4 2024 Earnings Guidance

Tenable (NASDAQ:TENB - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.330-0.350 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of $229.0 million-$233.0 million, compared to the consensus revenue estimate of $231.8 million. Tenable also updated its FY 2024 guidance to 1.210-1.230 EPS.

Analyst Ratings Changes

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

Tenable Price Performance

Shares of NASDAQ:TENB traded up $1.09 during midday trading on Monday, reaching $40.17. The company's stock had a trading volume of 874,013 shares, compared to its average volume of 732,338. 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 capitalization of $4.83 billion, a P/E ratio of -78.76 and a beta of 0.85. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The business's fifty day simple moving average is $41.28 and its 200-day simple moving average is $41.51.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 5,293 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now owns 51,691 shares in the company, valued at $2,209,273.34. This trade represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the transaction, the chief financial officer now directly owns 281,536 shares of the company's stock, valued at approximately $11,464,145.92. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 over the last ninety days. 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.