Cantor Fitzgerald Predicts Increased Earnings for Tenable

Key Points

• Cantor Fitzgerald has raised its FY2025 earnings estimate for Tenable to $0.03 per share, up from a previous estimate of $0.02.
• Multiple analysts have increased their price targets for Tenable, with UBS raising theirs from $40.00 to $43.00, and Wedbush increasing it from $40.00 to $42.00.
• In its latest quarterly earnings report, Tenable posted $0.34 EPS, surpassing analysts' expectations of $0.30 and reporting an 11.8% revenue increase compared to the same quarter last year.

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2025 EPS estimates for Tenable in a note issued to investors on Thursday, July 31st. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the company will post earnings per share of $0.03 for the year, up from their previous estimate of $0.02. The consensus estimate for Tenable's current full-year earnings is $0.12 per share. Cantor Fitzgerald also issued estimates for Tenable's FY2026 earnings at $0.35 EPS.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Needham & Company LLC lifted their price target on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on shares of Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Wedbush boosted their price objective on shares of Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley boosted their price objective on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tenable has an average rating of "Moderate Buy" and a consensus price target of $41.06.

Tenable Stock Down 3.2%

TENB traded down $1.00 during midday trading on Friday, hitting $30.04. 661,739 shares of the company's stock traded hands, compared to its average volume of 1,393,484. The company has a market cap of $3.67 billion, a PE ratio of -81.19 and a beta of 0.76. The stock's fifty day simple moving average is $32.89 and its 200-day simple moving average is $34.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. Tenable has a one year low of $28.75 and a one year high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.22%. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share.

Institutional Trading of Tenable

Hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Tenable by 2.0% in the fourth quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after purchasing an additional 304,237 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Tenable by 5.6% in the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock valued at $207,038,000 after purchasing an additional 312,299 shares during the last quarter. RGM Capital LLC raised its holdings in shares of Tenable by 2.0% in the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock valued at $131,966,000 after purchasing an additional 72,607 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Tenable by 1,043.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company's stock valued at $109,434,000 after purchasing an additional 2,956,367 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tenable by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after purchasing an additional 8,746 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tenable

In related news, CEO Stephen A. Vintz sold 6,499 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $207,838.02. Following the sale, the chief executive officer directly owned 331,394 shares in the company, valued at $10,597,980.12. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Barron Anschutz sold 1,245 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $39,815.10. Following the completion of the sale, the insider owned 57,905 shares in the company, valued at $1,851,801.90. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,815 shares of company stock worth $669,797 over the last ninety days. Company insiders own 1.50% of the company's stock.

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.