Tenable (NASDAQ:TENB) Hits New 12-Month Low – Here’s What Happened

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) reached a new 52-week low on Monday . The stock traded as low as $22.51 and last traded at $23.1970, with a volume of 109937 shares traded. The stock had previously closed at $22.73.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TENB shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their target price on Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley set a $30.00 price target on Tenable in a research report on Thursday, December 18th. Needham & Company LLC cut their price target on shares of Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $42.00 target price on shares of Tenable in a research note on Thursday, October 23rd. Ten investment 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. Based on data from MarketBeat, Tenable has a consensus rating of “Hold” and an average target price of $37.47.

Tenable Stock Performance

The company has a fifty day moving average of $26.27 and a two-hundred day moving average of $29.40. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -86.20 and a beta of 0.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The firm had revenue of $252.44 million for the quarter, compared to the consensus estimate of $247.43 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. 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, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Barron Anschutz sold 976 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the sale, the insider directly owned 61,420 shares of the company’s stock, valued at approximately $1,787,322. This trade represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC raised its stake in Tenable by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock worth $32,412,000 after acquiring an additional 316,390 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Tenable during the 1st quarter valued at approximately $466,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Tenable by 9.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 129,931 shares of the company’s stock worth $4,389,000 after purchasing an additional 11,469 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Tenable by 285.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 46,364 shares of the company’s stock valued at $1,566,000 after purchasing an additional 34,331 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Tenable by 293.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 406,202 shares of the company’s stock valued at $13,722,000 after acquiring an additional 302,990 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

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.