FY2024 EPS Estimates for Tenable Holdings, Inc. (NASDAQ:TENB) Increased by Analyst

Tenable Holdings, Inc. (NASDAQ:TENBFree Report) – Research analysts at DA Davidson increased their FY2024 earnings estimates for shares of Tenable in a research note issued to investors on Wednesday, February 7th. DA Davidson analyst R. Kessinger now expects that the company will earn ($0.13) per share for the year, up from their previous forecast of ($0.38). The consensus estimate for Tenable’s current full-year earnings is ($0.33) per share. DA Davidson also issued estimates for Tenable’s FY2025 earnings at ($0.04) EPS.

Several other analysts also recently commented on TENB. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $60.00 in a research report on Tuesday, January 9th. Wedbush upped their price objective on shares of Tenable from $50.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday. Susquehanna upped their price objective on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday. Truist Financial upped their price objective on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stephens upped their price objective on shares of Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.63.

View Our Latest Stock Report on Tenable

Tenable Stock Up 1.1 %

TENB stock opened at $50.72 on Friday. The company has a fifty day moving average price of $45.56 and a 200 day moving average price of $44.23. Tenable has a 12 month low of $33.85 and a 12 month high of $53.50. The company has a market cap of $5.93 billion, a price-to-earnings ratio of -74.59 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.62.

Institutional Trading of Tenable

Several institutional investors have recently added to or reduced their stakes in the stock. Xponance Inc. raised its holdings in Tenable by 3.5% in the fourth quarter. Xponance Inc. now owns 6,939 shares of the company’s stock valued at $320,000 after acquiring an additional 232 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in Tenable by 5.0% during the second quarter. Crestwood Advisors Group LLC now owns 5,249 shares of the company’s stock valued at $229,000 after purchasing an additional 250 shares during the last quarter. Delphia USA Inc. increased its stake in Tenable by 5.0% during the fourth quarter. Delphia USA Inc. now owns 6,107 shares of the company’s stock valued at $233,000 after purchasing an additional 290 shares during the last quarter. Verition Fund Management LLC increased its stake in 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 purchasing an additional 292 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake 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 purchasing an additional 299 shares during the last quarter. 88.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tenable

In other news, COO Mark C. Thurmond sold 3,976 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total transaction of $188,223.84. Following the transaction, the chief operating officer now directly owns 53,500 shares of the company’s stock, valued at $2,532,690. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total value of $188,223.84. Following the sale, the chief operating officer now directly owns 53,500 shares of the company’s stock, valued at $2,532,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amit Yoran sold 33,201 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the completion of the sale, the chief executive officer now directly owns 291,532 shares in the company, valued at $13,964,382.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,833 shares of company stock worth $2,905,232. 4.50% of the stock is owned by company insiders.

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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