Cantor Fitzgerald Forecasts Tenable FY2026 Earnings

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for shares of Tenable in a report released on Monday, June 9th. Cantor Fitzgerald analyst J. Ruykhaver forecasts that the company will post earnings of $0.34 per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $50.00 price objective on the stock. The consensus estimate for Tenable's current full-year earnings is $0.12 per share.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The firm had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business's revenue was up 10.7% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Morgan Stanley lowered their price target on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Barclays dropped their price objective on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird dropped their price target on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Performance

Shares of NASDAQ:TENB traded up $0.44 during trading on Tuesday, reaching $32.26. 662,656 shares of the stock were exchanged, compared to its average volume of 1,097,908. Tenable has a 12 month low of $28.75 and a 12 month high of $49.18. The stock has a 50-day moving average price of $32.23 and a 200-day moving average price of $37.03. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.94 billion, a PE ratio of -107.68 and a beta of 0.79.

Institutional Investors Weigh In On Tenable

Several institutional investors and hedge funds have recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after purchasing an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Tenable during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new position in Tenable in the fourth quarter worth approximately $38,000. Byrne Asset Management LLC grew its stake in Tenable by 115.4% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after acquiring an additional 727 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Tenable during the fourth quarter valued at approximately $53,000. Institutional investors own 89.06% of the company's stock.

Insider Activity at Tenable

In other news, CEO Mark C. Thurmond sold 2,483 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total value of $80,573.35. Following the sale, the chief executive officer now directly owns 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen A. Vintz sold 6,499 shares of Tenable stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $207,838.02. Following the transaction, the chief executive officer now directly owns 331,394 shares of the company's stock, valued at $10,597,980.12. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,845 shares of company stock worth $637,709 in the last quarter. 1.50% of the stock is owned by insiders.

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.