Tenable Holdings, Inc. to Post Q1 2024 Earnings of ($0.11) Per Share, DA Davidson Forecasts (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENBFree Report) – Investment analysts at DA Davidson issued their Q1 2024 earnings per share (EPS) estimates for shares of Tenable in a report released on Wednesday, February 7th. DA Davidson analyst R. Kessinger anticipates that the company will post earnings per share of ($0.11) for the quarter. The consensus estimate for Tenable’s current full-year earnings is ($0.33) per share.

Other equities research analysts also recently issued reports about the company. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Barclays lowered their target price on shares of Tenable from $47.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Morgan Stanley raised shares of Tenable from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $46.00 to $60.00 in a research note on Tuesday, January 9th. Wells Fargo & Company increased their target price on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wedbush increased their target price on shares of Tenable from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.63.

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Tenable Price Performance

Shares of TENB opened at $51.89 on Thursday. The business’s 50-day moving average is $45.78 and its two-hundred day moving average is $44.29. The company has a market capitalization of $6.07 billion, a P/E ratio of -76.31 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.62 and a current ratio of 1.62. Tenable has a fifty-two week low of $33.85 and a fifty-two week high of $53.50.

Institutional Trading of Tenable

A number of hedge funds have recently bought and sold shares of the business. Fairfield Bush & CO. acquired a new stake in shares of Tenable during the 1st quarter worth approximately $237,000. JPMorgan Chase & Co. increased its holdings in shares of Tenable by 73.7% during the 1st quarter. JPMorgan Chase & Co. now owns 140,170 shares of the company’s stock worth $8,101,000 after buying an additional 59,482 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Tenable by 61.7% during the 1st quarter. Raymond James & Associates now owns 10,208 shares of the company’s stock worth $590,000 after buying an additional 3,896 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Tenable during the 1st quarter worth approximately $207,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Tenable by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 50,007 shares of the company’s stock worth $2,890,000 after buying an additional 17,830 shares during the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.

Insider Activity at Tenable

In related news, COO Mark C. Thurmond sold 2,357 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.00, for a total value of $94,280.00. Following the transaction, the chief operating officer now directly owns 41,070 shares of the company’s stock, valued at approximately $1,642,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tenable news, COO Mark C. Thurmond sold 2,357 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.00, for a total value of $94,280.00. Following the completion of the sale, the chief operating officer now owns 41,070 shares in the company, valued at approximately $1,642,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,600 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the sale, the director now owns 2 shares of the company’s stock, valued at approximately $101.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,433 shares of company stock valued at $3,037,182. 4.50% of the stock is owned by corporate insiders.

Tenable Company Profile

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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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.

Further Reading

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