Q1 2024 EPS Estimates for Tenable Holdings, Inc. Lifted by Analyst (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENBFree Report) – Investment analysts at Wedbush lifted their Q1 2024 earnings per share (EPS) estimates for shares of Tenable in a research report issued to clients and investors on Wednesday, February 7th. Wedbush analyst D. Ives now expects that the company will post earnings per share of ($0.10) for the quarter, up from their previous estimate of ($0.12). Wedbush currently has a “Outperform” rating and a $65.00 target price on the stock. The consensus estimate for Tenable’s current full-year earnings is ($0.12) per share. Wedbush also issued estimates for Tenable’s Q2 2024 earnings at ($0.05) EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at $0.02 EPS, FY2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.09) EPS.

Several other research firms also recently commented on TENB. Susquehanna upped their price objective on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Truist Financial increased their price objective on Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley raised Tenable from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. Needham & Company LLC increased their target price on Tenable from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Stephens increased their target price on Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Tenable has an average rating of “Moderate Buy” and an average target price of $56.63.

Read Our Latest Analysis on TENB

Tenable Stock Performance

Shares of Tenable stock opened at $50.65 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.62. The business has a 50-day simple moving average of $45.78 and a 200 day simple moving average of $44.26. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of -74.49 and a beta of 0.96. Tenable has a one year low of $33.85 and a one year high of $53.50.

Insider Transactions at Tenable

In other news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the sale, the director now directly owns 2 shares in the company, valued at approximately $101.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Linda Kay Zecher sold 2,600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the transaction, the director now directly owns 2 shares in the company, valued at approximately $101.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 33,201 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 291,532 shares in the company, valued at $13,964,382.80. The disclosure for this sale can be found here. Insiders have sold a total of 67,433 shares of company stock worth $3,037,182 in the last three months. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several hedge funds have recently added to or reduced their stakes in TENB. Legato Capital Management LLC purchased a new position in shares of Tenable during the third quarter worth approximately $550,000. Mackenzie Financial Corp increased its position in shares of Tenable by 0.9% during the third quarter. Mackenzie Financial Corp now owns 3,021,637 shares of the company’s stock worth $131,955,000 after acquiring an additional 27,875 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of Tenable during the third quarter worth approximately $10,012,000. Artemis Investment Management LLP increased its position in shares of Tenable by 14.7% during the third quarter. Artemis Investment Management LLP now owns 748,302 shares of the company’s stock worth $33,509,000 after acquiring an additional 95,632 shares during the period. Finally, Aristotle Atlantic Partners LLC increased its position in shares of Tenable by 412.9% during the second quarter. Aristotle Atlantic Partners LLC now owns 74,197 shares of the company’s stock worth $3,231,000 after acquiring an additional 59,730 shares during the period. 88.13% of the stock is currently owned by institutional investors.

Tenable Company Profile

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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.

See Also

Earnings History and Estimates for Tenable (NASDAQ:TENB)

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