Tenable (NASDAQ:TENB) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Tenable (NASDAQ:TENB) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on TENB. Needham & Company LLC upped their target price on Tenable from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group upped their target price on Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. DA Davidson upped their target price on Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Scotiabank upped their target price on Tenable from $30.00 to $37.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $45.00 target price (up previously from $40.00) on shares of Tenable in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Tenable Stock Performance

NASDAQ:TENB opened at $29.90 on Friday. The stock has a fifty day moving average price of $31.40 and a 200-day moving average price of $32.83. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -80.81 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable has a fifty-two week low of $28.51 and a fifty-two week high of $45.44.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. As a group, equities analysts anticipate that Tenable will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, Director A Brooke Seawell sold 4,622 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $451,800. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barron Anschutz sold 1,261 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $30.25, for a total value of $38,145.25. Following the completion of the transaction, the insider owned 59,645 shares in the company, valued at approximately $1,804,261.25. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,549 shares of company stock worth $1,954,751 in the last three months. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TENB. Bank of America Corp DE increased its position in shares of Tenable by 17.3% during the fourth quarter. Bank of America Corp DE now owns 672,380 shares of the company’s stock valued at $26,478,000 after acquiring an additional 99,060 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Tenable during the fourth quarter valued at approximately $279,000. Lazard Asset Management LLC increased its position in shares of Tenable by 40.2% during the fourth quarter. Lazard Asset Management LLC now owns 28,349 shares of the company’s stock valued at $1,116,000 after acquiring an additional 8,126 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Tenable by 20.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,003,615 shares of the company’s stock valued at $39,522,000 after acquiring an additional 168,104 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Tenable by 48.3% during the fourth quarter. ProShare Advisors LLC now owns 33,607 shares of the company’s stock valued at $1,323,000 after acquiring an additional 10,950 shares during the last quarter. Institutional investors own 89.06% 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.