What is DA Davidson’s Forecast for Tenable FY2025 Earnings?

Tenable Holdings, Inc. (NASDAQ:TENB) – Analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of Tenable in a research report issued on Thursday, February 6th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings per share of $0.31 for the year, up from their previous forecast of $0.23. The consensus estimate for Tenable’s current full-year earnings is ($0.02) per share.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 6.82% and a negative return on equity of 6.21%.

Other research analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday. Scotiabank lifted their price target on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Barclays upped their price objective on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.67.

Tenable Stock Up 1.0 %

Tenable stock opened at $40.23 on Friday. The company’s 50-day moving average price is $41.41 and its two-hundred day moving average price is $41.33. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -78.88 and a beta of 0.87. Tenable has a 52 week low of $35.25 and a 52 week high of $52.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Insider Activity at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 2,801 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,463 shares of company stock worth $894,042. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the period. Larson Financial Group LLC raised its holdings in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Tenable during the fourth quarter valued at $38,000. Nisa Investment Advisors LLC grew its stake in Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

About Tenable

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.