Tenable (NASDAQ:TENB) Posts Quarterly Earnings Results

Tenable (NASDAQ:TENB) released its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 Trading Down 7.8 %

NASDAQ:TENB opened at $39.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $41.45 and its 200-day moving average is $41.34. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of -78.14 and a beta of 0.87. Tenable has a 12 month low of $35.25 and a 12 month high of $53.50.

Analyst Ratings Changes

A number of research analysts have issued reports on TENB shares. Jefferies Financial Group boosted their price target on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Piper Sandler decreased their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Scotiabank boosted their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Tenable in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.44.

Insider Activity at Tenable

In other news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now directly owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. The trade was a 5.93 % 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 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.