DA Davidson Has Strong Estimate for Tenable FY2024 Earnings

Tenable Holdings, Inc. (NASDAQ:TENBFree Report) – Equities research analysts at DA Davidson raised their FY2024 earnings estimates for shares of Tenable in a report released on Thursday, October 31st. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings of ($0.02) per share for the year, up from their previous forecast of ($0.07). DA Davidson has a “Neutral” rating and a $40.00 price objective on the stock. The consensus estimate for Tenable’s current full-year earnings is ($0.06) per share. DA Davidson also issued estimates for Tenable’s Q4 2024 earnings at ($0.02) EPS.

TENB has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Tuesday, October 29th. Truist Financial reissued a “buy” rating and set a $55.00 price target (down from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Stifel Nicolaus lowered their price objective on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Piper Sandler lowered their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group lowered their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.81.

Check Out Our Latest Stock Analysis on Tenable

Tenable Trading Down 0.2 %

Shares of NASDAQ:TENB opened at $38.71 on Monday. The company’s 50-day moving average price is $40.65 and its two-hundred day moving average price is $42.11. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. Tenable has a one year low of $35.25 and a one year high of $53.50. The stock has a market capitalization of $4.61 billion, a PE ratio of -75.90 and a beta of 0.83.

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Tenable by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock worth $620,018,000 after purchasing an additional 32,535 shares during the period. Mackenzie Financial Corp lifted its position in shares of Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after purchasing an additional 471,126 shares during the period. RGM Capital LLC lifted its position in shares of Tenable by 4.5% in the 2nd quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after purchasing an additional 153,127 shares during the period. William Blair Investment Management LLC lifted its position in shares of Tenable by 20.2% in the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after purchasing an additional 585,559 shares during the period. Finally, Champlain Investment Partners LLC lifted its position in shares of Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after purchasing an additional 593,529 shares during the period. 89.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at $1,641,150.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,469 shares of company stock valued at $520,276. 4.30% 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 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.

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Earnings History and Estimates for Tenable (NASDAQ:TENB)

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