Tenable (NASDAQ:TENB) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a buy rating in a research note published on Saturday.

TENB has been the subject of several other reports. Barclays lowered their price target on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. DA Davidson set a $32.00 price objective on Tenable in a report on Thursday, October 30th. Jefferies Financial Group set a $29.00 target price on Tenable in a report on Tuesday, December 16th. Scotiabank reduced their price target on Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Finally, Morgan Stanley set a $30.00 price target on Tenable in a research note on Thursday, December 18th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.88.

Tenable Stock Down 2.3%

TENB opened at $22.12 on Friday. The business’s fifty day simple moving average is $25.13 and its 200 day simple moving average is $28.71. Tenable has a 52 week low of $22.06 and a 52 week high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.64 billion, a PE ratio of -81.93 and a beta of 0.64.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $247.43 million. Tenable’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. As a group, research analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In related news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in Tenable in the third quarter worth about $25,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Tenable during the 2nd quarter worth approximately $37,000. Exchange Traded Concepts LLC bought a new position in shares of Tenable in the 3rd quarter worth approximately $45,000. Horizon Investments LLC purchased a new position in shares of Tenable in the 3rd quarter valued at approximately $45,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Tenable in the 3rd quarter valued at approximately $52,000. Institutional investors own 89.06% of the company’s stock.

About Tenable

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.