DA Davidson Weighs in on Tenable Holdings, Inc.’s Q1 2024 Earnings (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENBFree Report) – Equities researchers at DA Davidson issued their Q1 2024 earnings estimates for Tenable in a research report issued to clients and investors on Wednesday, February 7th. DA Davidson analyst R. Kessinger expects that the company will post earnings per share of ($0.11) for the quarter. The consensus estimate for Tenable’s current full-year earnings is ($0.33) per share.

Other research analysts have also issued research reports about the company. Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Needham & Company LLC increased their target price on shares of Tenable from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna raised their price target on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $46.00 to $60.00 in a research note on Tuesday, January 9th. Finally, Stephens raised their target price on shares of Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.63.

Read Our Latest Analysis on Tenable

Tenable Stock Up 1.1 %

Shares of Tenable stock opened at $50.72 on Thursday. The business has a 50-day moving average price of $45.56 and a 200 day moving average price of $44.23. Tenable has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The firm has a market cap of $5.93 billion, a P/E ratio of -74.59 and a beta of 0.96. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.05.

Hedge Funds Weigh In On Tenable

Several hedge funds have recently made changes to their positions in the business. Xponance Inc. boosted its stake in Tenable by 3.5% in the 4th quarter. Xponance Inc. now owns 6,939 shares of the company’s stock worth $320,000 after purchasing an additional 232 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Tenable by 5.0% in the second quarter. Crestwood Advisors Group LLC now owns 5,249 shares of the company’s stock worth $229,000 after buying an additional 250 shares during the period. Delphia USA Inc. boosted its position in shares of Tenable by 5.0% in the fourth quarter. Delphia USA Inc. now owns 6,107 shares of the company’s stock worth $233,000 after buying an additional 290 shares during the period. Verition Fund Management LLC grew its holdings in shares of Tenable by 1.4% during the fourth quarter. Verition Fund Management LLC now owns 21,278 shares of the company’s stock valued at $812,000 after buying an additional 292 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its position in Tenable by 4.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,923 shares of the company’s stock valued at $264,000 after buying an additional 299 shares during the period. Institutional investors and hedge funds own 88.13% of the company’s stock.

Insider Buying and Selling at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,787 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.65, for a total transaction of $110,504.55. Following the transaction, the chief financial officer now owns 220,774 shares of the company’s stock, valued at approximately $8,753,689.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Stephen A. Vintz sold 2,787 shares of Tenable stock in a transaction on Monday, November 20th. The stock was sold at an average price of $39.65, for a total transaction of $110,504.55. Following the transaction, the chief financial officer now directly owns 220,774 shares in the company, valued at approximately $8,753,689.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,803 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $39.65, for a total value of $190,438.95. Following the completion of the sale, the chief executive officer now owns 276,538 shares of the company’s stock, valued at approximately $10,964,731.70. The disclosure for this sale can be found here. Insiders have sold 64,833 shares of company stock valued at $2,905,232 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

About Tenable

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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 cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.

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