Research Analysts Issue Forecasts for Tenable Holdings, Inc.’s Q2 2022 Earnings (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) – Investment analysts at DA Davidson issued their Q2 2022 earnings estimates for shares of Tenable in a research report issued to clients and investors on Wednesday, April 27th. DA Davidson analyst R. Kessinger forecasts that the company will post earnings of ($0.12) per share for the quarter. DA Davidson has a “Buy” rating and a $75.00 price objective on the stock. DA Davidson also issued estimates for Tenable’s FY2022 earnings at $0.56 EPS and FY2023 earnings at ($0.40) EPS.

Several other brokerages have also weighed in on TENB. Morgan Stanley boosted their price objective on Tenable from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, February 2nd. Wedbush restated a “buy” rating and issued a $70.00 target price on shares of Tenable in a research note on Wednesday, February 2nd. Wolfe Research initiated coverage on Tenable in a research report on Monday, April 11th. They set an “outperform” rating and a $70.00 price objective for the company. Canaccord Genuity Group upped their target price on Tenable from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Finally, Stifel Nicolaus upped their target price on Tenable from $63.00 to $66.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Tenable currently has an average rating of “Buy” and an average target price of $67.29.

Shares of TENB opened at $58.64 on Friday. The stock’s 50-day moving average is $55.75 and its two-hundred day moving average is $52.68. The stock has a market cap of $6.47 billion, a PE ratio of -136.37 and a beta of 1.60. Tenable has a 12 month low of $35.53 and a 12 month high of $63.61. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.55 and a quick ratio of 1.55.

Tenable (NASDAQ:TENBGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.21. Tenable had a negative return on equity of 21.32% and a negative net margin of 8.63%. During the same quarter in the previous year, the business earned ($0.03) EPS.

In related news, General Counsel Stephen A. Riddick sold 7,260 shares of the firm’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $57.60, for a total transaction of $418,176.00. Following the sale, the general counsel now directly owns 42,199 shares in the company, valued at $2,430,662.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amit Yoran sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $48.86, for a total transaction of $488,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 277,646 shares of company stock worth $15,782,827. Insiders own 8.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Tenable by 4.8% in the 3rd quarter. BlackRock Inc. now owns 7,628,970 shares of the company’s stock valued at $352,001,000 after buying an additional 351,797 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Tenable by 3.1% during the 4th quarter. First Trust Advisors LP now owns 3,744,238 shares of the company’s stock worth $206,195,000 after purchasing an additional 111,941 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Tenable by 75.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,149,819 shares of the company’s stock worth $99,192,000 after purchasing an additional 925,504 shares during the last quarter. Polar Capital Holdings Plc increased its stake in shares of Tenable by 15.1% during the 3rd quarter. Polar Capital Holdings Plc now owns 1,798,530 shares of the company’s stock worth $82,984,000 after purchasing an additional 236,396 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tenable by 13.1% during the 4th quarter. Geode Capital Management LLC now owns 1,760,258 shares of the company’s stock worth $96,937,000 after purchasing an additional 203,388 shares during the last quarter. Hedge funds and other institutional investors own 82.30% of the company’s stock.

Tenable Company Profile (Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

Further Reading

Earnings History and Estimates for Tenable (NASDAQ:TENB)

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