Tenable (NASDAQ:TENB) Issues Quarterly Earnings Results

Tenable (NASDAQ:TENB) announced its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26), Zacks reports. Tenable had a negative net margin of 6.82% and a negative return on equity of 6.21%. Tenable updated its FY 2025 guidance to 1.520-1.600 EPS and its Q1 2025 guidance to 0.280-0.300 EPS.

Tenable Price Performance

Shares of Tenable stock opened at $43.21 on Thursday. 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 50-day moving average of $41.45 and a 200 day moving average of $41.34. Tenable has a 1 year low of $35.25 and a 1 year high of $53.50.

Insider Buying and Selling

In other Tenable news, COO Mark C. Thurmond sold 2,209 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 transaction of $89,950.48. Following the completion of the sale, the chief operating officer now directly owns 35,480 shares in the company, valued at approximately $1,444,745.60. This trade represents a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,463 shares of company stock worth $894,042 in the last three months. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TENB. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Jefferies Financial Group increased their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Barclays dropped 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 report on Thursday, October 31st. Robert W. Baird decreased their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and a consensus target price 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.