Tenable (NASDAQ:TENB) Issues Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Tenable (NASDAQ:TENB) released its earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26), Zacks reports. Tenable had a negative return on equity of 6.21% and a negative net margin of 6.82%.

Tenable Trading Up 0.4 %

TENB stock traded up $0.19 during midday trading on Wednesday, hitting $43.21. The stock had a trading volume of 2,392,174 shares, compared to its average volume of 1,111,321. The firm has a market cap of $5.19 billion, a PE ratio of -84.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable has a 12-month low of $35.25 and a 12-month high of $53.50. The company’s 50-day moving average price is $41.43 and its 200 day moving average price is $41.33.

Insider Buying and Selling

In other news, COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the completion of the sale, the chief operating officer now owns 37,188 shares in the company, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,463 shares of company stock worth $894,042. 4.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird lowered their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barclays decreased their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.25.

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.