Tenable Holdings, Inc. (NASDAQ:TENB) to Post Q2 2024 Earnings of ($0.08) Per Share, DA Davidson Forecasts

Tenable Holdings, Inc. (NASDAQ:TENB) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for Tenable in a research note issued to investors on Thursday, May 2nd. DA Davidson analyst R. Kessinger expects that the company will post earnings of ($0.08) per share for the quarter. The consensus estimate for Tenable’s current full-year earnings is ($0.14) per share. DA Davidson also issued estimates for Tenable’s FY2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.13) EPS.

TENB has been the subject of a number of other reports. Truist Financial increased their price target on Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Wells Fargo & Company boosted their price target on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Needham & Company LLC restated a “buy” rating and set a $62.00 price objective on shares of Tenable in a research report on Thursday, May 2nd. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. Finally, Stephens raised their target price on shares of Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.20.

Tenable Stock Up 0.2 %

Tenable stock opened at $45.64 on Monday. The company’s 50-day moving average price is $46.99 and its two-hundred day moving average price is $45.22. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -78.69 and a beta of 0.94. Tenable has a 52 week low of $33.85 and a 52 week high of $53.50.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $213.31 million for the quarter, compared to analysts’ expectations of $206.95 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%.

Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the sale, the director now owns 2 shares of the company’s stock, valued at $101.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the sale, the director now directly owns 2 shares in the company, valued at $101.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen A. Vintz sold 15,505 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the transaction, the chief financial officer now directly owns 257,924 shares of the company’s stock, valued at approximately $12,782,713.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,406 shares of company stock worth $14,833,391. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Hedge funds have recently modified their holdings of the business. Raymond James & Associates boosted its holdings in Tenable by 4.8% in the 3rd quarter. Raymond James & Associates now owns 17,336 shares of the company’s stock valued at $777,000 after purchasing an additional 800 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Tenable by 2.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 45,740 shares of the company’s stock valued at $2,049,000 after buying an additional 904 shares during the period. Mackenzie Financial Corp grew its position in Tenable by 0.9% during the third quarter. Mackenzie Financial Corp now owns 3,021,637 shares of the company’s stock worth $131,955,000 after buying an additional 27,875 shares in the last quarter. Emerald Advisers LLC grew its position in Tenable by 7.7% during the third quarter. Emerald Advisers LLC now owns 795,198 shares of the company’s stock worth $35,625,000 after buying an additional 56,677 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Tenable by 8.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 636,191 shares of the company’s stock valued at $28,501,000 after acquiring an additional 51,563 shares during the period. 89.06% of the stock is owned by institutional investors.

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.