Cantor Fitzgerald Brokers Cut Earnings Estimates for Tenable

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Stock analysts at Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for Tenable in a research note issued on Wednesday, April 30th. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the company will earn $0.08 per share for the year, down from their previous forecast of $0.13. Cantor Fitzgerald has a "Overweight" rating and a $50.00 price target on the stock. The consensus estimate for Tenable's current full-year earnings is $0.12 per share.

A number of other analysts have also weighed in on the stock. Robert W. Baird cut their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Stephens initiated coverage on Tenable in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price target for the company. Scotiabank lowered their price objective on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays decreased their target price 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. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Performance

TENB stock traded up $0.16 during midday trading on Thursday, reaching $31.42. The stock had a trading volume of 469,763 shares, compared to its average volume of 1,006,451. The firm has a fifty day simple moving average of $34.34 and a two-hundred day simple moving average of $38.70. Tenable has a 52-week low of $28.75 and a 52-week high of $49.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $3.78 billion, a PE ratio of -104.65 and a beta of 0.83.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Arizona State Retirement System increased its position in Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after purchasing an additional 332 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after buying an additional 390 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Tenable by 3.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock valued at $616,000 after acquiring an additional 450 shares during the period. Xponance Inc. increased its stake in Tenable by 6.6% during the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after acquiring an additional 562 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Tenable by 1.8% in the 4th 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 period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In related news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,128 shares of company stock valued at $539,256. 1.50% of the stock is owned by corporate 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.