DA Davidson Issues Pessimistic Outlook for Tenable Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – Stock analysts at DA Davidson reduced their Q1 2025 earnings per share (EPS) estimates for Tenable in a report issued on Monday, February 10th. DA Davidson analyst R. Kessinger now expects that the company will earn ($0.13) per share 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.

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

Several other analysts also recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Robert W. Baird lowered their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Barclays increased their target price on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Scotiabank lifted their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Moderate Buy” and an average price target of $49.67.

Tenable Price Performance

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

Hedge Funds Weigh In On Tenable

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd lifted its holdings in Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. Larson Financial Group LLC grew its position in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Tenable in the fourth quarter valued at $38,000. Nisa Investment Advisors LLC lifted its position in shares of Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after acquiring an additional 657 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Insider Transactions at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following the sale, the director now owns 8,659 shares of the company’s stock, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,463 shares of company stock worth $894,042. 4.30% of the stock is currently owned by insiders.

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.