Tenable Holdings, Inc. (NASDAQ:TENB) Given Consensus Rating of “Hold” by Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been given a consensus recommendation of “Hold” by the nineteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $36.8824.

Several research analysts have commented on TENB shares. Barclays decreased their target price on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating for the company in a research report on Monday. Morgan Stanley set a $30.00 price objective on Tenable in a report on Thursday, December 18th. JPMorgan Chase & Co. lowered their target price on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. DA Davidson set a $32.00 target price on Tenable in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research report on Wednesday, October 8th.

Insider Buying and Selling at Tenable

In other Tenable news, insider Barron Anschutz sold 976 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $29.10, for a total value of $28,401.60. Following the completion of the sale, the insider directly owned 61,420 shares of the company’s stock, valued at approximately $1,787,322. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several institutional investors and hedge funds have recently modified their holdings of TENB. Quarry LP acquired a new position in shares of Tenable in the 3rd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC bought a new position in Tenable in the 2nd quarter valued at $37,000. Exchange Traded Concepts LLC acquired a new position in Tenable in the third quarter worth $45,000. Horizon Investments LLC bought a new stake in shares of Tenable during the third quarter worth $45,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Tenable during the third quarter worth $52,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Down 1.2%

Shares of TENB opened at $23.27 on Friday. Tenable has a one year low of $22.51 and a one year high of $45.44. The stock has a 50-day moving average price of $25.67 and a 200 day moving average price of $29.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $2.78 billion, a P/E ratio of -86.19 and a beta of 0.64.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. Tenable’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. Sell-side analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.