Weiss Ratings Reaffirms Sell (E+) Rating for Tenable (NASDAQ:TENB)

Tenable (NASDAQ:TENB)‘s stock had its “sell (e+)” rating reaffirmed by Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the company. Barclays dropped their price target on Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. UBS Group lifted their price target on Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their price target on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $38.00 price target (up from $37.00) on shares of Tenable in a report on Thursday, July 31st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $45.00 price target (up from $40.00) on shares of Tenable in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tenable has a consensus rating of “Hold” and a consensus target price of $40.19.

Tenable Stock Up 0.9%

TENB stock opened at $30.30 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $30.01 and a two-hundred day moving average price of $31.51. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -81.89 and a beta of 0.73. Tenable has a twelve month low of $28.51 and a twelve month high of $45.44.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) 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 company had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $242.15 million. During the same period last year, the firm posted $0.31 earnings per share. The business’s 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. Analysts anticipate that Tenable will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction on Monday, August 25th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Barron Anschutz sold 1,261 shares of Tenable stock in a transaction on Monday, August 25th. The shares were 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. In the last quarter, insiders have sold 64,555 shares of company stock worth $1,951,065. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tenable

Hedge funds and other institutional investors have recently modified their holdings of the business. Elevation Point Wealth Partners LLC bought a new position in shares of Tenable in the 2nd quarter valued at $37,000. Exchange Traded Concepts LLC bought a new position in shares of Tenable in the 3rd quarter valued at $45,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Tenable in the 1st quarter valued at $69,000. Nisa Investment Advisors LLC increased its stake in shares of Tenable by 76.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock valued at $78,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Tenable by 743.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock valued at $86,000 after purchasing an additional 2,178 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

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.