Analysts expect Tenable Holdings Inc (NASDAQ:TENB) to report sales of $88.58 million for the current quarter, Zacks reports. Six analysts have made estimates for Tenable’s earnings, with the highest sales estimate coming in at $88.70 million and the lowest estimate coming in at $88.40 million. Tenable posted sales of $69.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Tenable will report full-year sales of $347.88 million for the current fiscal year, with estimates ranging from $347.50 million to $348.40 million. For the next financial year, analysts anticipate that the business will post sales of $432.25 million, with estimates ranging from $425.81 million to $441.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Tenable.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, July 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.17. The company had revenue of $85.38 million for the quarter, compared to the consensus estimate of $82.73 million. Tenable had a negative return on equity of 64.96% and a negative net margin of 26.92%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) EPS.

A number of analysts have issued reports on the company. Macquarie assumed coverage on Tenable in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $35.00 price objective on the stock. Wedbush reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Tenable in a research note on Wednesday, July 31st. Zacks Investment Research raised Tenable from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Saturday, May 4th. Stifel Nicolaus set a $38.00 price objective on Tenable and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura set a $29.00 price objective on Tenable and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $36.45.

In other news, CEO Amit Yoran sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $27.90, for a total transaction of $279,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John C. Huffard, Jr. sold 15,600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $31.73, for a total value of $494,988.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,468 shares of company stock worth $4,297,105. Corporate insiders own 31.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TENB. Tower Research Capital LLC TRC purchased a new stake in shares of Tenable in the 2nd quarter worth $31,000. Advisory Services Network LLC lifted its holdings in shares of Tenable by 1,743.0% in the 4th quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock worth $41,000 after buying an additional 1,743 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Tenable by 193.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock worth $89,000 after buying an additional 2,659 shares during the period. Bank of Montreal Can lifted its holdings in shares of Tenable by 1,850.0% in the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock worth $124,000 after buying an additional 4,107 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Tenable in the 1st quarter worth $205,000. 55.22% of the stock is currently owned by hedge funds and other institutional investors.

TENB traded down $0.44 on Thursday, hitting $21.40. 359,200 shares of the company’s stock traded hands, compared to its average volume of 735,319. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. Tenable has a one year low of $20.00 and a one year high of $39.38. The company’s 50 day simple moving average is $27.80 and its 200-day simple moving average is $29.32. The firm has a market cap of $2.12 billion and a price-to-earnings ratio of -15.74.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.

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