DA Davidson Issues Pessimistic Estimate for Tenable 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) - Analysts at DA Davidson cut their FY2026 EPS estimates for shares of Tenable in a research report issued on Thursday, July 31st. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings per share of $0.30 for the year, down from their previous forecast of $0.33. DA Davidson has a "Neutral" rating and a $34.00 price target 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 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.22% and a negative net margin of 4.74%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS.

A number of other equities research analysts have also recently issued reports on TENB. Jefferies Financial Group reissued a "hold" rating and issued a $38.00 price target (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Morgan Stanley increased their target price on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their target price on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Stephens lowered Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. 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's stock. According to MarketBeat.com, Tenable currently has an average rating of "Moderate Buy" and an average price target of $41.06.

Tenable Stock Performance

Shares of TENB stock traded down $1.14 during trading hours on Monday, hitting $28.92. The company's stock had a trading volume of 646,152 shares, compared to its average volume of 1,397,454. Tenable has a 12-month low of $28.75 and a 12-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 stock has a market cap of $3.53 billion, a PE ratio of -78.27 and a beta of 0.76. The company has a 50 day moving average of $32.79 and a 200 day moving average of $34.87.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the sale, the chief executive officer directly owned 75,210 shares in the company, valued at approximately $2,405,215.80. The trade was a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Barron Anschutz sold 1,245 shares of Tenable stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $39,815.10. Following the completion of the transaction, the insider directly owned 57,905 shares in the company, valued at approximately $1,851,801.90. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,815 shares of company stock worth $669,797 in the last three months. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in shares of Tenable by 1,043.7% during 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 during the last quarter. Nuveen LLC acquired a new position in Tenable during the 1st quarter worth approximately $35,330,000. Shapiro Capital Management LLC grew its holdings in Tenable by 647.5% during the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after purchasing an additional 918,235 shares during the period. Penserra Capital Management LLC increased its position in Tenable by 33.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,249,740 shares of the company's stock worth $75,996,000 after buying an additional 562,151 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in Tenable by 828.5% during the first quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company's stock worth $15,131,000 after purchasing an additional 385,975 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.