What is DA Davidson's Forecast for Tenable FY2026 Earnings?

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Analysts at DA Davidson lowered their FY2026 earnings estimates for shares of Tenable in a note issued to investors on Wednesday, April 30th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings per share of $0.40 for the year, down from their previous forecast of $0.42. DA Davidson currently has a "Neutral" rating and a $28.00 target price on the stock. The consensus estimate for Tenable's current full-year earnings is $0.12 per share.

A number of other brokerages have also recently issued reports on TENB. Truist Financial dropped their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank cut their price target on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday. Robert W. Baird lowered their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday. Morgan Stanley cut their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company lowered their price target on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tenable currently has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Up 0.1 %

TENB traded up $0.03 on Thursday, hitting $30.77. 1,984,179 shares of the company were exchanged, compared to its average volume of 1,006,944. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock's fifty day moving average is $34.47 and its 200-day moving average is $38.80. The company has a market cap of $3.70 billion, a PE ratio of -102.57 and a beta of 0.88. Tenable has a 12 month low of $28.75 and a 12 month high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The firm had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. During the same period in the previous year, the business earned $0.25 EPS. The company's revenue was up 10.7% compared to the same quarter last year.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in Tenable in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Tenable during the fourth quarter worth $38,000. Byrne Asset Management LLC lifted its stake in Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after purchasing an additional 727 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Tenable in the 4th quarter valued at $53,000. Institutional investors own 89.06% of the company's stock.

Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,128 shares of company stock valued at $539,256. 1.50% of the stock is owned by company insiders.

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.