Key Points
- Tenable director Linda Kay Zecher sold 690 shares at an average price of $35.76, totaling $24,674.40 and reducing her holdings by 8.96% to 7,012 shares. She also sold 700 shares the previous day for $24,822.
- Tenable recently exceeded quarterly expectations, reporting $0.51 in earnings per share versus the $0.47 consensus and $268.51 million in revenue, up 8.6% year over year.
- The stock opened at $34.11, while analysts’ consensus rating remains “Hold” with an average price target of $34.68; institutional investors own 89.06% of the company.
Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) Director Linda Kay Zecher sold 690 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.76, for a total value of $24,674.40. Following the sale, the director owned 7,012 shares of the company's stock, valued at $250,749.12. This trade represents a 8.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Linda Kay Zecher also recently made the following trade(s):
- On Tuesday, August 18th, Linda Kay Zecher sold 700 shares of Tenable stock. The stock was sold at an average price of $35.46, for a total transaction of $24,822.00.
Tenable Stock Down 3.3%
Tenable stock opened at $34.11 on Friday. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The firm's 50-day simple moving average is $34.61 and its 200 day simple moving average is $26.01. The stock has a market cap of $3.76 billion, a PE ratio of 682.34 and a beta of 0.94.
Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Research analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Tenable
Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Tenable during the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tenable in the 4th quarter worth $28,000. Quadrant Capital Group LLC bought a new stake in shares of Tenable in the fourth quarter worth $38,000. Horizon Investments LLC bought a new position in Tenable in the third quarter valued at about $45,000. Finally, Los Angeles Capital Management LLC purchased a new position in Tenable in the fourth quarter worth about $48,000. 89.06% of the stock is owned by institutional investors.
Analysts Set New Price Targets
TENB has been the topic of a number of research reports. Weiss Ratings upgraded Tenable from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. UBS Group cut their target price on Tenable from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Canaccord Genuity Group boosted their target price on Tenable from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Jefferies Financial Group cut their price target on shares of Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on Tenable from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $34.68.
Check Out Our Latest Report on TENB
About Tenable
(
Get Free Report)
Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.
At the core of Tenable's product suite is Nessus, one of the industry's most widely adopted vulnerability scanners.
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