Tenable (NASDAQ:TENB) Reaches New 12-Month Low – Time to Sell?

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $24.14 and last traded at $24.1760, with a volume of 89368 shares. The stock had previously closed at $24.68.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group set a $29.00 target price on Tenable in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. DA Davidson set a $32.00 target price on shares of Tenable in a research note on Thursday, October 30th. Scotiabank decreased their price target on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Finally, Needham & Company LLC cut their price objective on shares of Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.94.

Tenable Stock Performance

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 firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -89.11 and a beta of 0.73. The stock has a fifty day moving average price of $27.33 and a 200-day moving average price of $29.94.

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

Insider Buying and Selling at Tenable

In related news, insider Barron Anschutz sold 976 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $29.10, for a total value of $28,401.60. Following the transaction, the insider owned 61,420 shares in the company, valued at $1,787,322. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several large investors have recently bought and sold shares of the company. Quarry LP bought a new position in shares of Tenable during the third quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Tenable during the 2nd quarter worth approximately $37,000. Exchange Traded Concepts LLC bought a new position in shares of Tenable during the 3rd quarter worth approximately $45,000. Horizon Investments LLC acquired a new stake in shares of Tenable in the third quarter valued at approximately $45,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Tenable during the third quarter worth $52,000. Institutional investors own 89.06% of the company’s stock.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.