Tenable (NASDAQ:TENB) Issues Earnings Results

Tenable (NASDAQ:TENB - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08, Briefing.com reports. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. Tenable updated its FY 2025 guidance to 1.440-1.520 EPS and its Q2 2025 guidance to 0.290-0.310 EPS.

Tenable Stock Down 0.0 %

Shares of TENB traded down $0.02 during midday trading on Friday, reaching $30.73. The stock had a trading volume of 671,179 shares, compared to its average volume of 1,190,583. The company has a market cap of $3.69 billion, a price-to-earnings ratio of -102.57 and a beta of 0.88. The company's fifty day simple moving average is $34.63 and its two-hundred day simple moving average is $38.91. Tenable has a 1-year low of $28.75 and a 1-year high of $49.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TENB shares. UBS Group dropped their price target on shares of Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday. DA Davidson cut their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday. Scotiabank decreased their price target on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Morgan Stanley cut their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their target price on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and an average price target of $41.74.

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.