FY2025 EPS Estimates for Tenable Raised by Cantor Fitzgerald

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) - Cantor Fitzgerald increased their FY2025 earnings estimates for Tenable in a report issued on Thursday, July 31st. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the company will post earnings of $0.03 per share 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.

A number of other equities analysts have also commented on TENB. UBS Group increased their price target on Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday. Wedbush upped their price objective on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday. Morgan Stanley raised their target price on shares of Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday. Scotiabank boosted their price target on shares of Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Thursday. Finally, 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. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and a consensus price target of $42.11.

Tenable Trading Down 2.9%

Shares of Tenable stock opened at $31.31 on Friday. Tenable has a twelve month low of $28.75 and a twelve month high of $47.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $32.95 and a 200-day moving average price of $35.21. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -84.62 and a beta of 0.80.

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

Hedge Funds Weigh In On Tenable

Large investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. increased its stake in Tenable by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after purchasing an additional 390 shares during the period. Xponance Inc. boosted its stake in shares of Tenable by 6.6% during the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock valued at $316,000 after purchasing an additional 562 shares during the period. Tidal Investments LLC grew its holdings in shares of Tenable by 1.8% in the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after purchasing an additional 564 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after buying an additional 575 shares during the period. Finally, Fiera Capital Corp increased its stake in Tenable by 1.1% in the 1st quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 6,499 shares of the stock in a transaction dated 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 of the company's stock, valued at $10,597,980.12. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 5,577 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $178,352.46. Following the completion of the sale, the chief executive officer directly owned 75,210 shares of the company's stock, valued at approximately $2,405,215.80. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,815 shares of company stock valued at $669,797. 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.

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