Tenable Holdings, Inc. (NASDAQ:TENB) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Tenable Holdings, Inc. has received a consensus rating of “Moderate Buy” from 17 brokerages, with nine analysts recommending buying the stock.
• The company's stock recently opened at $28.87 and has a twelve-month price target averaging $41.06 set by analysts.
• Tenable reported earnings of $0.34 EPS for the last quarter, exceeding expectations and marking an 11.8% year-over-year revenue increase.

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen brokerages that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $41.0625.

A number of equities analysts have recently commented on the stock. Wells Fargo & Company restated an "overweight" rating and set a $45.00 price objective (up from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. UBS Group increased their price objective on shares of Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. DA Davidson increased their price objective on shares of Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Wedbush increased 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.

Tenable Price Performance

TENB stock opened at $28.87 on Thursday. The stock has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $32.18. The stock has a market cap of $3.50 billion, a PE ratio of -78.02 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable has a 1 year low of $28.51 and a 1 year high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The company's revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Equities analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

Insider Activity

In related news, insider Barron Anschutz sold 1,261 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $38,145.25. Following the completion of the sale, the insider directly owned 59,645 shares in the company, valued at approximately $1,804,261.25. This trade represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $30.12, for a total transaction of $139,214.64. Following the completion of the sale, the director owned 15,000 shares of the company's stock, valued at $451,800. This trade represents a 23.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,549 shares of company stock valued at $1,954,751. Company insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently bought and sold shares of TENB. Assenagon Asset Management S.A. lifted its stake in Tenable by 1,043.7% in the 2nd 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. Norges Bank acquired a new stake in Tenable in the 2nd quarter valued at about $47,983,000. Nuveen LLC acquired a new stake in Tenable in the 1st quarter valued at about $35,330,000. Marshall Wace LLP lifted its stake in Tenable by 272.1% in the 2nd quarter. Marshall Wace LLP now owns 1,237,173 shares of the company's stock valued at $41,792,000 after purchasing an additional 904,662 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tenable by 59.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,665,866 shares of the company's stock valued at $56,261,000 after purchasing an additional 618,319 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

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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