Tenable (NASDAQ:TENB) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. Scotiabank dropped their price objective on Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and set a $42.00 target price on shares of Tenable in a research note on Thursday, October 23rd. Piper Sandler lowered their price target on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Morgan Stanley set a $30.00 price objective on shares of Tenable in a report on Thursday, December 18th. Finally, DA Davidson set a $32.00 target price on shares of Tenable in a research report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.88.

Tenable Stock Down 2.3%

Shares of TENB opened at $22.12 on Friday. The business’s 50 day simple moving average is $25.01 and its 200-day simple moving average is $28.59. Tenable has a 1 year low of $22.06 and a 1 year high of $45.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -81.93 and a beta of 0.64.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The firm had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $247.43 million. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous 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, equities analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Tenable

A number of institutional investors have recently made changes to their positions in TENB. Voya Investment Management LLC raised its position in Tenable by 39.8% in the third quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock valued at $32,412,000 after purchasing an additional 316,390 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in 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 acquiring an additional 11,469 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of Tenable by 285.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 46,364 shares of the company’s stock worth $1,566,000 after purchasing an additional 34,331 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Tenable by 16,873.5% in the third quarter. Pacer Advisors Inc. now owns 376,981 shares of the company’s stock valued at $10,993,000 after purchasing an additional 374,760 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Tenable by 293.6% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 406,202 shares of the company’s stock valued at $13,722,000 after purchasing an additional 302,990 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Company Profile

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.