Tenable Holdings, Inc. (NASDAQ:TENB) to Post Q2 2024 Earnings of ($0.08) Per Share, DA Davidson Forecasts

Tenable Holdings, Inc. (NASDAQ:TENB) – Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for Tenable in a report issued on Thursday, May 2nd. DA Davidson analyst R. Kessinger anticipates that the company will post earnings of ($0.08) per share for the quarter. The consensus estimate for Tenable’s current full-year earnings is ($0.14) per share. DA Davidson also issued estimates for Tenable’s FY2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.13) EPS.

Several other analysts also recently issued reports on TENB. Scotiabank began coverage on shares of Tenable in a research report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price target for the company. Truist Financial lifted their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Tenable in a report on Thursday. Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.20.

Tenable Trading Down 1.3 %

NASDAQ TENB opened at $44.60 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable has a 52 week low of $33.85 and a 52 week high of $53.50. The business has a 50 day moving average price of $47.06 and a 200-day moving average price of $45.18. The company has a market cap of $5.30 billion, a price-to-earnings ratio of -76.90 and a beta of 0.94.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative return on equity of 10.59% and a negative net margin of 8.18%.

Institutional Trading of Tenable

A number of institutional investors have recently added to or reduced their stakes in TENB. Vanderbilt University grew its stake in Tenable by 51.4% in the 4th quarter. Vanderbilt University now owns 65,313 shares of the company’s stock worth $3,008,000 after buying an additional 22,187 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Tenable by 39.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after purchasing an additional 23,385 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Tenable by 60.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company’s stock worth $1,419,000 after purchasing an additional 12,000 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Tenable by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after purchasing an additional 245,243 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tenable by 6.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company’s stock valued at $36,906,000 after purchasing an additional 48,410 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 15,505 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.56, for a total value of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,782,713.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Stephen A. Vintz sold 15,505 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the transaction, the chief financial officer now directly owns 257,924 shares of the company’s stock, valued at approximately $12,782,713.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen A. Vintz sold 11,586 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $49.11, for a total transaction of $568,988.46. Following the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,666,647.64. The disclosure for this sale can be found here. Insiders sold 317,382 shares of company stock valued at $15,021,615 over the last ninety days. 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.