Wedbush Issues Negative Estimate for Tenable Earnings

Key Points

• Wedbush analysts have reduced their earnings estimates for Tenable Holdings, forecasting earnings of $0.07 per share for Q4 2025, down from $0.08.
• Tenable recently reported earnings of $0.34 per share for the last quarter, exceeding the consensus estimate of $0.30, with revenues of $247.30 million.
• Institutional investors hold 89.06% of Tenable's shares, indicating strong institutional interest in the company amidst recent stock price movements.

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Equities researchers at Wedbush dropped their Q4 2025 earnings estimates for Tenable in a note issued to investors on Wednesday, July 30th. Wedbush analyst D. Ives now anticipates that the company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.08. Wedbush has a "Outperform" rating and a $42.00 price objective on the stock. The consensus estimate for Tenable's current full-year earnings is $0.12 per share.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data 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. Tenable had a negative return on equity of 3.22% and a negative net margin of 4.74%. The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. During the same period in the prior year, the company posted $0.31 EPS. The business's revenue for the quarter was up 11.8% compared to the same quarter last year.

TENB has been the topic of a number of other research reports. DA Davidson increased their price target on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Tenable from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. 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. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus upped their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Tenable Stock Performance

NASDAQ:TENB traded down $1.10 during trading hours on Monday, hitting $28.96. 646,152 shares of the company traded hands, compared to its average volume of 1,397,454. Tenable has a twelve month low of $28.75 and a twelve month high of $45.44. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $32.79 and a 200 day moving average of $34.87. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -78.27 and a beta of 0.76.

Insider Activity

In other news, insider Barron Anschutz sold 970 shares of the firm's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.08, for a total value of $32,087.60. Following the completion of the sale, the insider owned 58,311 shares in the company, valued at approximately $1,928,927.88. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 2,483 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $80,573.35. Following the completion of the sale, the chief executive officer owned 72,727 shares in the company, valued at approximately $2,359,991.15. The trade was a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,815 shares of company stock worth $669,797 over the last 90 days. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently bought and sold shares of TENB. FMR LLC lifted its holdings in shares of Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after buying an additional 304,237 shares during the period. Ameriprise Financial Inc. lifted its stake in Tenable by 5.6% in the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock valued at $207,038,000 after buying an additional 312,299 shares in the last quarter. RGM Capital LLC raised its stake in Tenable by 2.0% in the 1st quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock valued at $131,966,000 after purchasing an additional 72,607 shares during the last quarter. 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 worth $109,434,000 after purchasing an additional 2,956,367 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after acquiring an additional 8,746 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other 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.