Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Recommendation of “Hold” by Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have received an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $40.1875.

Several equities research analysts recently issued reports on the stock. DA Davidson raised their target price on shares of Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wedbush raised their target price on shares of Tenable from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a $38.00 target price (up from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Stifel Nicolaus raised their target price on shares of Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut shares of Tenable from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Tenable Price Performance

Tenable stock opened at $30.30 on Monday. Tenable has a 12-month low of $28.51 and a 12-month high of $45.44. The stock has a market capitalization of $3.67 billion, a P/E ratio of -81.89 and a beta of 0.73. The firm’s 50-day moving average is $30.01 and its two-hundred day moving average is $31.51. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $242.15 million. During the same period last year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Equities analysts predict that Tenable will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Tenable

In related news, CEO Stephen A. Vintz sold 29,196 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the transaction, the chief executive officer owned 358,949 shares in the company, valued at approximately $10,858,207.25. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total transaction of $139,214.64. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $451,800. The trade was a 23.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,555 shares of company stock worth $1,951,065. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in Tenable by 9.3% in the second quarter. Ameriprise Financial Inc. now owns 6,466,182 shares of the company’s stock valued at $218,428,000 after buying an additional 547,496 shares during the period. RGM Capital LLC raised its holdings in Tenable by 2.0% in the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company’s stock valued at $131,966,000 after buying an additional 72,607 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Tenable by 1,043.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock valued at $109,434,000 after purchasing an additional 2,956,367 shares during the period. State Street Corp raised its stake in shares of Tenable by 1.4% during the second quarter. State Street Corp now owns 3,056,055 shares of the company’s stock valued at $103,234,000 after purchasing an additional 43,098 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Tenable by 10.4% during the second quarter. First Trust Advisors LP now owns 2,937,689 shares of the company’s stock valued at $99,235,000 after purchasing an additional 276,211 shares during the period. Hedge funds and other 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.