Tenable (NASDAQ:TENB) Stock Rating Lowered by Wall Street Zen

Key Points

• Tenable (NASDAQ:TENB) was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, affecting investor sentiment.
• The company's recent quarterly earnings report revealed an EPS of $0.34, exceeding analysts' expectations and showing an 11.8% year-over-year revenue increase.
• Insider trading activity saw CEO Stephen A. Vintz and another executive selling significant shares, with Vintz decreasing his ownership by 7.52%.

Tenable (NASDAQ:TENB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

TENB has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Wells Fargo & Company reaffirmed 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. Needham & Company LLC lifted their price objective on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wedbush lifted their price objective on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Barclays decreased their price objective on Tenable from $39.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.19.

Tenable Stock Up 0.9%

NASDAQ TENB opened at $30.30 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable has a 52 week low of $28.51 and a 52 week high of $45.44. The stock has a fifty day moving average of $30.01 and a 200-day moving average of $31.53. The stock has a market capitalization of $3.67 billion, a P/E ratio of -81.89 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last announced 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. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The business had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. On average, equities research analysts forecast that Tenable will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other Tenable news, CEO Stephen A. Vintz sold 29,196 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $30.25, for a total value of $883,179.00. Following the completion of the transaction, the chief executive officer directly owned 358,949 shares of the company's stock, valued at approximately $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark C. Thurmond sold 28,500 shares of the business'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 $862,125.00. Following the completion of the transaction, the chief executive officer directly owned 102,322 shares of the company's stock, valued at approximately $3,095,240.50. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,555 shares of company stock valued at $1,951,065 in the last three months. Insiders own 1.50% of the company's stock.

Institutional Trading of Tenable

A number of institutional investors have recently modified their holdings of the company. Xponance Inc. lifted its holdings in shares of Tenable by 6.6% in 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 in the last quarter. Fiera Capital Corp lifted its holdings in shares of Tenable by 1.1% in the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock valued at $2,086,000 after purchasing an additional 651 shares in the last quarter. Amundi lifted its holdings in shares of Tenable by 1.2% in the first quarter. Amundi now owns 58,149 shares of the company's stock valued at $1,939,000 after purchasing an additional 676 shares in the last quarter. IVC Wealth Advisors LLC lifted its holdings in shares of Tenable by 10.7% in the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company's stock valued at $214,000 after purchasing an additional 711 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Tenable by 5.2% in the second quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company's stock valued at $559,000 after purchasing an additional 814 shares in the last quarter. 89.06% of the stock is currently 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.

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