Tenable Holdings, Inc. (NASDAQ:TENB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have earned an average rating of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.9375.

A number of brokerages have issued reports on TENB. JPMorgan Chase & Co. decreased their price objective on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. DA Davidson set a $32.00 target price on Tenable in a research report on Thursday, October 30th. Morgan Stanley set a $30.00 price target on Tenable in a research report on Thursday. Scotiabank cut their price objective on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th.

Insider Activity

In other Tenable news, insider Barron Anschutz sold 976 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $29.10, for a total value of $28,401.60. Following the completion of the sale, the insider owned 61,420 shares of the company’s stock, valued at $1,787,322. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by company insiders.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently made changes to their positions in TENB. Quarry LP purchased a new stake in shares of Tenable during the third quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new stake in Tenable during the 2nd quarter valued at about $37,000. Exchange Traded Concepts LLC purchased a new stake in Tenable in the 3rd quarter valued at about $45,000. Horizon Investments LLC bought a new position in Tenable in the 3rd quarter worth about $45,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Tenable during the third quarter worth approximately $52,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Price Performance

Tenable stock opened at $24.68 on Tuesday. Tenable has a 52-week low of $24.24 and a 52-week high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average is $27.33 and its 200 day moving average is $29.94. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -91.41 and a beta of 0.73.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. Sell-side analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

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.