Key Points
- Director sale: Tenable director A. Brooke Seawell sold 115,000 shares on December 15 at an average price of $24.82, totaling $2,854,300, according to an SEC filing.
- Recent results and guidance: Tenable beat Q3 estimates with $0.42 EPS (vs. $0.37 expected) and $252.44M revenue (up 11.2% YoY) and set FY2025 guidance of $1.51–$1.54 EPS and Q4 guidance of $0.39–$0.43 EPS.
- Market and analyst context: Shares trade around $24.66 with a $2.94B market cap; analysts’ consensus is a "Hold" with an average price target of $37.94 despite several recent target cuts.
Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Tenable Stock Down 0.0%
TENB opened at $24.66 on Thursday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -91.33 and a beta of 0.73. The firm has a 50 day moving average price of $27.60 and a 200-day moving average price of $30.12. Tenable Holdings, Inc. has a twelve month low of $24.24 and a twelve month 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.
Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. The company had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. Equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.
Institutional Investors Weigh In On Tenable
Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tenable by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company's stock worth $36,072,000 after buying an additional 39,132 shares in the last quarter. Invesco Ltd. lifted its stake in Tenable by 6.2% in the 1st quarter. Invesco Ltd. now owns 107,627 shares of the company's stock worth $3,765,000 after purchasing an additional 6,290 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Tenable by 551.2% in the 1st quarter. Russell Investments Group Ltd. now owns 95,815 shares of the company's stock worth $3,351,000 after purchasing an additional 81,102 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Tenable by 47.2% during the 1st quarter. Raymond James Financial Inc. now owns 100,463 shares of the company's stock valued at $3,515,000 after purchasing an additional 32,226 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Tenable by 7.0% during the first quarter. Hsbc Holdings PLC now owns 71,629 shares of the company's stock valued at $2,462,000 after purchasing an additional 4,686 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TENB has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price objective on shares of Tenable from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on Tenable from $44.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, October 27th. Needham & Company LLC decreased their target price on shares of Tenable from $42.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Tenable in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $42.00 price objective on shares of Tenable in a research note on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Tenable has a consensus rating of "Hold" and an average price target of $37.94.
Get Our Latest Research Report on Tenable
Tenable Company Profile
(
Get Free Report)
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 Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
