Scotiabank Predicts Tenable’s FY2026 Earnings (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) – Stock analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Tenable in a report issued on Monday, November 2nd. Scotiabank analyst P. Colville now forecasts that the company will earn $0.58 per share for the year, up from their prior forecast of $0.50. Scotiabank has an “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for Tenable’s current full-year earnings is $0.58 per share. Scotiabank also issued estimates for Tenable’s FY2027 earnings at $0.80 EPS.

Several other equities research analysts also recently commented on the stock. Wedbush lifted their target price on shares of Tenable from $29.00 to $35.00 and gave the stock an “underperform” rating in a research report on Thursday, October 29th. Yorkville Ives started coverage on shares of Tenable in a research note on Tuesday, October 6th. They set an “outperform” rating and a $45.00 price target for the company. Piper Sandler raised their price target on shares of Tenable from $30.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Susquehanna lifted their price target on shares of Tenable from $36.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, October 29th. Finally, Weiss Ratings raised shares of Tenable from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.25.

Tenable Stock Performance

Tenable stock opened at $44.16 on Friday. The business has a 50 day moving average of $39.05 and a 200-day moving average of $29.25. Tenable has a 1 year low of $15.73 and a 1 year high of $53.22. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.04 and a quick ratio of 0.79. The company has a market capitalization of $4.86 billion, a P/E ratio of 339.72 and a beta of 0.89.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Tenable had a return on equity of 28.72% and a net margin of 1.48%. The firm had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis.

Insider Buying and Selling

In other Tenable news, CAO Barron Anschutz sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the completion of the transaction, the chief accounting officer owned 66,077 shares in the company, valued at approximately $3,369,927. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Brooke Seawell sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $50.33, for a total transaction of $754,950.00. Following the transaction, the director owned 115,292 shares of the company’s stock, valued at approximately $5,802,646.36. The trade was a 11.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,390 shares of company stock valued at $1,314,446 in the last three months. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp grew its stake in shares of Tenable by 765.9% in the 3rd quarter. Fifth Third Bancorp now owns 24,592 shares of the company’s stock valued at $895,000 after buying an additional 21,752 shares during the period. Maryland State Retirement & Pension System acquired a new position in Tenable during the 3rd quarter valued at about $889,000. Fulcrum Asset Management LLP grew its holdings in Tenable by 143.0% during the third quarter. Fulcrum Asset Management LLP now owns 1,910 shares of the company’s stock worth $67,000 after buying an additional 1,124 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Tenable during the third quarter valued at about $303,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Tenable during the 3rd quarter worth approximately $212,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.