DA Davidson Has Negative Outlook of Tenable FY2026 Earnings

Key Points

• DA Davidson has reduced their FY2026 earnings per share estimate for Tenable Holdings from $0.33 to $0.30, maintaining a "Neutral" rating with a price target of $34.00.
• Tenable recently reported $0.34 EPS for the last quarter, exceeding the consensus estimate of $0.30, and achieved revenue of $247.30 million, beating expectations.
• The company's stock has been subject to various ratings changes, with an overall consensus of "Moderate Buy" and a price target averaging $41.06.

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Investment analysts at DA Davidson dropped their FY2026 EPS estimates for Tenable in a research note issued to investors on Thursday, July 31st. DA Davidson analyst R. Kessinger now expects that the company will post earnings per share of $0.30 for the year, down from their previous estimate of $0.33. DA Davidson currently has a "Neutral" rating and a $34.00 target price 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 posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.22%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share.

A number of other equities analysts have also issued reports on TENB. Stifel Nicolaus raised their target price on shares of Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. UBS Group upped their price target on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays upped their target price on Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Robert W. Baird cut their target price on Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley upped their price target on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Tenable Stock Down 4.2%

NASDAQ:TENB traded down $1.29 during mid-day trading on Monday, hitting $29.75. The stock had a trading volume of 1,925,323 shares, compared to its average volume of 1,524,907. The stock has a 50-day simple moving average of $32.83 and a two-hundred day simple moving average of $34.90. The company has a market capitalization of $3.63 billion, a PE ratio of -80.40 and a beta of 0.76. 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.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $178,352.46. Following the sale, the chief executive officer owned 75,210 shares of the company's stock, valued at approximately $2,405,215.80. This trade represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 6,499 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $207,838.02. Following the completion of the sale, the chief executive officer directly owned 331,394 shares in the company, valued at approximately $10,597,980.12. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,815 shares of company stock valued at $669,797. Company insiders own 1.50% of the company's stock.

Institutional Trading of Tenable

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Tenable by 67.5% during the fourth quarter. JPMorgan Chase & Co. now owns 550,278 shares of the company's stock valued at $21,670,000 after buying an additional 221,728 shares during the period. Alliancebernstein L.P. lifted its stake in Tenable by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 148,763 shares of the company's stock valued at $5,858,000 after purchasing an additional 1,452 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 period. Wells Fargo & Company MN raised its holdings in Tenable by 41.9% during the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after acquiring an additional 20,031 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Tenable by 211.6% during the 4th quarter. Russell Investments Group Ltd. now owns 14,713 shares of the company's stock valued at $579,000 after acquiring an additional 9,991 shares during the period. 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.