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

Key Points

• Tenable Holdings, Inc. (NASDAQ:TENB) has received a consensus rating of "Moderate Buy" from 17 research firms, with an average 12-month price target of $41.06.
• In its latest quarterly results, Tenable reported earnings per share of $0.34, exceeding analysts' expectations, and revenue of $247.3 million, which is an 11.8% increase year-over-year.
• Insider selling has been significant, with CEO Stephen A. Vintz and another executive selling a combined total of approximately $1.74 million in company shares recently.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $41.0625.

TENB has been the subject of a number of recent research reports. Wall Street Zen downgraded Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. DA Davidson raised their target price on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Scotiabank raised their target price on Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wells Fargo & Company restated an "overweight" rating and issued a $45.00 target price (up from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Finally, Stifel Nicolaus raised their target price on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, July 31st.

Tenable Stock Performance

TENB traded down $0.67 during trading on Friday, reaching $30.12. 527,503 shares of the company were exchanged, compared to its average volume of 1,403,538. The stock has a market cap of $3.65 billion, a P/E ratio of -81.40 and a beta of 0.73. The firm has a 50 day moving average of $31.63 and a 200 day moving average of $32.97. 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 52 week low of $28.51 and a 52 week high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 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 the consensus estimate of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The firm's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business 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. On average, sell-side analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director A Brooke Seawell sold 4,622 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the sale, the director directly owned 15,000 shares in the company, valued at $451,800. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 28,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $862,125.00. Following the completion of the sale, the chief executive officer owned 102,322 shares in the company, valued at approximately $3,095,240.50. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,549 shares of company stock valued at $1,954,751 in the last quarter. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Tenable

Several large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its stake in shares of Tenable by 50.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 38,320 shares of the company's stock worth $1,294,000 after acquiring an additional 12,918 shares in the last quarter. State of Wyoming boosted its stake in shares of Tenable by 1,056.2% during the 2nd quarter. State of Wyoming now owns 16,603 shares of the company's stock worth $561,000 after acquiring an additional 15,167 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Tenable during the 2nd quarter worth $473,000. Headlands Technologies LLC boosted its stake in shares of Tenable by 936.3% during the 2nd quarter. Headlands Technologies LLC now owns 32,189 shares of the company's stock worth $1,087,000 after acquiring an additional 29,083 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Tenable by 0.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 447,870 shares of the company's stock worth $15,123,000 after acquiring an additional 3,324 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

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.