Tenable (NASDAQ:TENB) Reaches New 12-Month Low – Should You Sell?

Tenable Holdings, Inc. (NASDAQ:TENB) hit a new 52-week low on Monday . The company traded as low as $25.13 and last traded at $24.92, with a volume of 418946 shares traded. The stock had previously closed at $26.28.

Analyst Ratings Changes

TENB has been the topic of several analyst reports. DA Davidson set a $32.00 price objective on Tenable in a research report on Thursday, October 30th. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Tenable in a research report on Thursday, October 23rd. JPMorgan Chase & Co. reduced their price objective on Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Finally, Scotiabank lowered their target price on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.63.

Tenable Trading Down 5.6%

The firm has a market capitalization of $2.96 billion, a P/E ratio of -91.79 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $27.89 and a 200-day simple moving average of $30.26.

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

Insider Activity

In other news, insider Barron Anschutz sold 976 shares of the company’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $29.10, for a total value of $28,401.60. Following the completion of the sale, the insider directly owned 61,420 shares in the company, valued at $1,787,322. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Tenable

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Tenable by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 14,962,471 shares of the company’s stock valued at $436,306,000 after buying an additional 778,699 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Tenable by 11.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after acquiring an additional 713,291 shares during the period. RGM Capital LLC lifted its holdings in Tenable by 2.0% during the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company’s stock valued at $131,966,000 after purchasing an additional 72,607 shares in the last quarter. Shapiro Capital Management LLC boosted its position in shares of Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Tenable by 1,043.7% in the second 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 period. 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.