Tenable Holdings, Inc. (NASDAQ:TENB) Expected to Post Earnings of $0.02 Per Share

Equities analysts predict that Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) will report $0.02 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Tenable’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.04. Tenable reported earnings per share of $0.09 during the same quarter last year, which suggests a negative year-over-year growth rate of 77.8%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Tenable will report full-year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.20. For the next year, analysts forecast that the firm will report earnings of $0.40 per share, with EPS estimates ranging from $0.31 to $0.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Tenable.

Tenable (NASDAQ:TENBGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.21. Tenable had a negative net margin of 10.99% and a negative return on equity of 27.76%. During the same period in the previous year, the company posted ($0.03) earnings per share.

TENB has been the subject of several analyst reports. Zacks Investment Research cut shares of Tenable from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Stifel Nicolaus boosted their price target on shares of Tenable from $63.00 to $66.00 in a report on Wednesday, April 27th. Canaccord Genuity Group boosted their price target on shares of Tenable from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price target on shares of Tenable in a report on Monday, April 25th. Finally, Wedbush reissued a “buy” rating and issued a $70.00 price target on shares of Tenable in a report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $67.29.

In related news, CFO Stephen A. Vintz sold 2,858 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $43.85, for a total value of $125,323.30. Following the completion of the sale, the chief financial officer now owns 129,880 shares of the company’s stock, valued at $5,695,238. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 8,357 shares of the company’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $45.92, for a total transaction of $383,753.44. The disclosure for this sale can be found here. Insiders have sold 268,794 shares of company stock valued at $15,372,239 in the last ninety days. Insiders own 4.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Tenable by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 524,177 shares of the company’s stock valued at $30,292,000 after purchasing an additional 1,626 shares during the period. Nomura Holdings Inc. acquired a new position in Tenable in the first quarter valued at about $3,024,000. Walleye Capital LLC lifted its position in Tenable by 312.6% in the first quarter. Walleye Capital LLC now owns 19,935 shares of the company’s stock valued at $1,152,000 after buying an additional 15,103 shares during the last quarter. Weiss Multi Strategy Advisers LLC lifted its position in Tenable by 99.6% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 367,378 shares of the company’s stock valued at $21,231,000 after buying an additional 183,320 shares during the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in Tenable in the first quarter valued at about $202,000. 83.39% of the stock is owned by hedge funds and other institutional investors.

Shares of TENB traded up $1.71 during trading hours on Monday, hitting $47.32. The stock had a trading volume of 1,201,418 shares, compared to its average volume of 1,352,923. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.55 and a current ratio of 1.56. The firm has a 50-day moving average price of $54.42 and a 200 day moving average price of $52.45. Tenable has a fifty-two week low of $38.77 and a fifty-two week high of $63.61. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -81.59 and a beta of 1.53.

About Tenable (Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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