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

Tenable (NASDAQ:TENB) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Several other analysts have also recently commented on TENB. Cantor Fitzgerald reiterated an “overweight” rating and set a $42.00 price target on shares of Tenable in a research report on Thursday, October 23rd. Needham & Company LLC dropped their target price on shares of Tenable from $38.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Scotiabank reduced their target price on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Truist Financial set a $27.00 price target on shares of Tenable in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.82.

Tenable Trading Down 1.2%

Shares of NASDAQ:TENB opened at $22.46 on Friday. The business’s 50 day moving average price is $24.61 and its 200-day moving average price is $28.30. Tenable has a 1 year low of $21.55 and a 1 year high of $45.44. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -83.20 and a beta of 0.64. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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. During the same quarter in the prior year, the company posted $0.32 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. On average, equities research analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 948 shares during the period. Harbor Capital Advisors Inc. grew its position in Tenable by 17.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 108,853 shares of the company’s stock worth $2,561,000 after acquiring an additional 16,181 shares during the period. Perigon Wealth Management LLC increased its stake in Tenable by 5.1% during the fourth quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock worth $420,000 after acquiring an additional 872 shares during the last quarter. Tempus Wealth Planning LLC raised its position in Tenable by 33.9% in the fourth quarter. Tempus Wealth Planning LLC now owns 23,482 shares of the company’s stock valued at $553,000 after purchasing an additional 5,945 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Tenable by 123.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,434 shares of the company’s stock valued at $81,000 after purchasing an additional 1,898 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.