Analysts predict that Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) will post $163.47 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Tenable’s earnings, with estimates ranging from $162.80 million to $164.09 million. Tenable posted sales of $130.26 million in the same quarter last year, which suggests a positive year over year growth rate of 25.5%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Tenable will report full year sales of $676.38 million for the current financial year, with estimates ranging from $671.50 million to $679.24 million. For the next financial year, analysts anticipate that the business will report sales of $812.04 million, with estimates ranging from $795.50 million to $831.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Tenable.
Tenable (NASDAQ:TENB – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.21. Tenable had a negative return on equity of 27.76% and a negative net margin of 10.99%. During the same period in the prior year, the company posted ($0.03) earnings per share.
In other news, CEO Amit Yoran sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $62.44, for a total value of $6,244,000.00. Following the transaction, the chief executive officer now owns 180,245 shares of the company’s stock, valued at $11,254,497.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur W. Coviello, Jr. sold 19,166 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $57.83, for a total value of $1,108,369.78. Following the completion of the transaction, the director now directly owns 20,917 shares in the company, valued at approximately $1,209,630.11. The disclosure for this sale can be found here. Insiders sold 253,740 shares of company stock worth $14,511,368 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.
Large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust bought a new stake in Tenable during the first quarter worth $25,000. Counterpoint Mutual Funds LLC bought a new position in shares of Tenable in the 4th quarter valued at $31,000. KRS Capital Management LLC bought a new position in shares of Tenable in the 4th quarter valued at $33,000. Evoke Wealth LLC raised its position in Tenable by 1,220.3% during the 4th quarter. Evoke Wealth LLC now owns 779 shares of the company’s stock worth $43,000 after purchasing an additional 720 shares during the last quarter. Finally, Concord Wealth Partners raised its position in Tenable by 165.0% during the 4th quarter. Concord Wealth Partners now owns 795 shares of the company’s stock worth $44,000 after purchasing an additional 495 shares during the last quarter. 83.39% of the stock is currently owned by institutional investors and hedge funds.
TENB opened at $51.44 on Tuesday. Tenable has a fifty-two week low of $38.77 and a fifty-two week high of $63.61. The business has a 50-day moving average of $53.53 and a 200-day moving average of $52.13. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $5.69 billion, a PE ratio of -88.69 and a beta of 1.53.
Tenable Company Profile (Get Rating)
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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.
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