Wedbush Has Pessimistic Outlook of Tenable Q2 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – Research analysts at Wedbush dropped their Q2 2025 earnings per share (EPS) estimates for Tenable in a research report issued on Wednesday, April 30th. Wedbush analyst D. Ives now forecasts that the company will earn ($0.05) per share for the quarter, down from their previous forecast of $0.02. The consensus estimate for Tenable’s current full-year earnings is $0.12 per share. Wedbush also issued estimates for Tenable’s Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.00 EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.10 EPS, Q4 2026 earnings at $0.13 EPS and FY2026 earnings at $0.38 EPS.

Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The company had revenue of $239.14 million for the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Tenable’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share.

A number of other analysts have also recently commented on TENB. Morgan Stanley reduced their price objective on Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC cut their target price on shares of Tenable from $50.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Truist Financial lowered their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Robert W. Baird cut their price target on shares of Tenable from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Tenable from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.44.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $30.77 on Monday. The company has a market capitalization of $3.70 billion, a PE ratio of -102.57 and a beta of 0.88. Tenable has a 1-year low of $28.75 and a 1-year high of $49.18. 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 business has a fifty day moving average price of $34.47 and a 200-day moving average price of $38.78.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after buying an additional 575 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Tenable in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new position in shares of Tenable in the 4th quarter valued at approximately $38,000. Johnson Financial Group Inc. acquired a new position in Tenable during the 4th quarter worth $53,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock worth $47,000 after buying an additional 727 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at $12,078,517.68. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,128 shares of company stock worth $539,256. Insiders own 1.50% 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.