DA Davidson Has Bullish Forecast for Tenable FY2025 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Tenable in a note issued to investors on Thursday, February 6th. DA Davidson analyst R. Kessinger now expects that the company will earn $0.31 per share for the year, up from their prior forecast of $0.23. The consensus estimate for Tenable's current full-year earnings is $0.18 per share.

Several other analysts also recently issued reports on TENB. Stifel Nicolaus downgraded shares of Tenable from a "buy" rating to a "hold" rating and cut their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Jefferies Financial Group boosted their target price on shares of Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. Needham & Company LLC reissued a "buy" rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Barclays boosted their target price on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, Robert W. Baird cut their target price on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tenable currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.67.

Tenable Price Performance

Shares of NASDAQ:TENB traded down $0.93 on Friday, reaching $39.92. 266,640 shares of the company traded hands, compared to its average volume of 1,167,011. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $52.50. The company's 50 day moving average is $41.38 and its 200-day moving average is $41.28. The stock has a market capitalization of $4.80 billion, a PE ratio of -132.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%.

Institutional Investors Weigh In On Tenable

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its stake in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after buying an additional 289 shares during the period. Larson Financial Group LLC lifted its stake in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after purchasing an additional 652 shares during the period. SBI Securities Co. Ltd. bought a new position in Tenable during the fourth quarter worth about $38,000. Nisa Investment Advisors LLC lifted its stake in Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after purchasing an additional 1,172 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after purchasing an additional 657 shares during the period. Institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares in the company, valued at $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark C. Thurmond sold 2,343 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $100,139.82. Following the sale, the chief operating officer now owns 37,188 shares of the company's stock, valued at $1,589,415.12. This trade represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,463 shares of company stock valued at $894,042 over the last three months. 4.30% of the stock is currently owned by insiders.

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.