DA Davidson Issues Optimistic Estimate for Tenable Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – Research analysts at DA Davidson increased their FY2025 EPS estimates for shares of Tenable in a research note issued on Thursday, October 30th. DA Davidson analyst R. Kessinger now expects that the company will post earnings per share of $0.07 for the year, up from their previous forecast of $0.01. The consensus estimate for Tenable’s current full-year earnings is $0.12 per share. DA Davidson also issued estimates for Tenable’s FY2026 earnings at $0.38 EPS.

Several other analysts also recently commented on TENB. Wells Fargo & Company reaffirmed an “overweight” rating and set a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Needham & Company LLC cut their target price on Tenable from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus increased their target price on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Wedbush increased their target price on Tenable from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 target price (up from $37.00) on shares of Tenable in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Hold” and an average price target of $38.63.

Tenable Stock Performance

Shares of TENB stock opened at $29.02 on Monday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -107.48 and a beta of 0.71. Tenable has a 52 week low of $28.45 and a 52 week high of $45.44. 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 firm has a 50 day moving average of $29.91 and a 200-day moving average of $31.38.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million for the quarter, compared to analyst estimates of $247.43 million. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS.

Institutional Investors Weigh In On Tenable

A number of hedge funds have recently made changes to their positions in TENB. Assenagon Asset Management S.A. raised its stake in shares of Tenable by 1,043.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock worth $109,434,000 after purchasing an additional 2,956,367 shares during the period. Norges Bank purchased a new position in Tenable during the 2nd quarter valued at about $47,983,000. Nuveen LLC purchased a new position in Tenable during the 1st quarter valued at about $35,330,000. Marshall Wace LLP grew its holdings in Tenable by 272.1% during the 2nd quarter. Marshall Wace LLP now owns 1,237,173 shares of the company’s stock valued at $41,792,000 after buying an additional 904,662 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Tenable by 59.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,665,866 shares of the company’s stock worth $56,261,000 after purchasing an additional 618,319 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tenable news, CEO Mark C. Thurmond sold 28,500 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $862,125.00. Following the transaction, the chief executive officer directly owned 102,322 shares in the company, valued at approximately $3,095,240.50. This trade represents a 21.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barron Anschutz sold 1,261 shares of the firm’s 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 transaction, the insider owned 59,645 shares in the company, valued at approximately $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,555 shares of company stock valued at $1,951,065 in the last 90 days. 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.