DA Davidson Weighs in on Tenable’s Q1 Earnings (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) – Investment analysts at DA Davidson dropped their Q1 2025 earnings estimates for Tenable in a report released on Monday, February 10th. DA Davidson analyst R. Kessinger now expects that the company will post earnings per share of ($0.13) for the quarter, down from their previous forecast of ($0.10). The consensus estimate for Tenable’s current full-year earnings is $0.18 per share. DA Davidson also issued estimates for Tenable’s FY2025 earnings at $0.04 EPS.

TENB has been the subject of several other reports. Barclays increased their price objective on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Robert W. Baird reduced their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Finally, Jefferies Financial Group lifted their target price on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.67.

Tenable Stock Performance

Shares of Tenable stock opened at $40.16 on Wednesday. The stock has a market cap of $4.82 billion, a PE ratio of -133.87 and a beta of 0.87. Tenable has a 12 month low of $35.25 and a 12 month high of $52.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $41.35 and a 200-day simple moving average of $41.26.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%.

Hedge Funds Weigh In On Tenable

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Arizona State Retirement System grew its holdings in Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock valued at $1,361,000 after purchasing an additional 332 shares during the period. Oppenheimer & Co. Inc. increased its stake in Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock valued at $616,000 after purchasing an additional 450 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tenable by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after buying an additional 457 shares in the last quarter. Finally, Olympiad Research LP raised its position in shares of Tenable by 11.1% during the third quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after purchasing an additional 528 shares during the period. 89.06% of the stock is owned by institutional investors.

Insider Transactions at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $135,913.20. Following the completion of the sale, the chief financial officer now owns 285,045 shares in the company, valued at $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,463 shares of company stock valued at $894,042. Company insiders own 4.30% 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.