Tenable (NASDAQ:TENB) Raised to “Strong-Buy” at Wall Street Zen

Tenable (NASDAQ:TENB) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of Tenable from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. DA Davidson set a $32.00 price target on shares of Tenable in a report on Thursday, October 30th. Needham & Company LLC dropped their price objective on shares of Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Stifel Nicolaus increased their target price on Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Tenable has an average rating of “Hold” and a consensus price target of $38.63.

Tenable Stock Up 1.1%

Shares of NASDAQ:TENB opened at $27.67 on Friday. The firm has a fifty day moving average price of $29.67 and a two-hundred day moving average price of $31.26. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -102.48 and a beta of 0.71. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. Tenable has a one year low of $27.01 and a one year high of $45.44.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $247.43 million. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. Analysts anticipate that Tenable will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 29,196 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $883,179.00. Following the completion of the sale, the chief executive officer directly owned 358,949 shares in the company, valued at $10,858,207.25. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at approximately $451,800. This represents a 23.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 64,555 shares of company stock valued at $1,951,065. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

A number of institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP bought a new stake in Tenable in the first quarter valued at $466,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Tenable by 9.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 129,931 shares of the company’s stock valued at $4,389,000 after purchasing an additional 11,469 shares in the last quarter. Nicholas Company Inc. increased its position in shares of Tenable by 12.7% during the second quarter. Nicholas Company Inc. now owns 186,323 shares of the company’s stock valued at $6,294,000 after buying an additional 20,940 shares during the period. Stephens Investment Management Group LLC raised its stake in Tenable by 2.8% in the second quarter. Stephens Investment Management Group LLC now owns 981,628 shares of the company’s stock worth $33,159,000 after buying an additional 26,441 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Tenable by 62.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,453 shares of the company’s stock worth $590,000 after buying an additional 6,689 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.