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

by · The Cerbat Gem

Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.00 and last traded at $27.0120, with a volume of 668771 shares traded. The stock had previously closed at $27.51.

Analyst Ratings Changes

A number of brokerages have recently commented on TENB. Wells Fargo & Company reissued an “overweight” rating and issued a $45.00 target price (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. reduced their price target on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Tenable in a research report on Thursday, October 23rd. Finally, UBS Group boosted their target price on shares of Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.63.

Check Out Our Latest Report on TENB

Tenable Stock Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $3.22 billion, a PE ratio of 2,698.00 and a beta of 0.71. The company has a 50 day moving average price of $29.35 and a 200 day moving average price of $31.08.

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

Insider Transactions at Tenable

In other news, insider Barron Anschutz sold 976 shares of the business’s stock in a transaction that occurred 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 approximately $1,787,322. The trade was a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 4,622 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the transaction, the director owned 15,000 shares in the company, valued at $451,800. This trade represents a 23.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 64,555 shares of company stock valued at $1,951,065 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

Institutional investors have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC lifted its position in shares of Tenable by 122.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 196,634 shares of the company’s stock worth $5,734,000 after buying an additional 108,194 shares during the last quarter. Creative Planning grew its position in shares of Tenable by 86.7% during the 3rd quarter. Creative Planning now owns 29,950 shares of the company’s stock valued at $873,000 after buying an additional 13,912 shares during the last quarter. Lazard Asset Management LLC raised its stake in Tenable by 6,081.3% during the third quarter. Lazard Asset Management LLC now owns 55,446 shares of the company’s stock worth $1,617,000 after acquiring an additional 54,549 shares during the period. Man Group plc lifted its holdings in Tenable by 53.8% in the third quarter. Man Group plc now owns 325,881 shares of the company’s stock worth $9,503,000 after acquiring an additional 113,956 shares during the last quarter. Finally, Occudo Quantitative Strategies LP boosted its stake in Tenable by 292.5% in the third quarter. Occudo Quantitative Strategies LP now owns 45,560 shares of the company’s stock valued at $1,329,000 after acquiring an additional 33,951 shares during the period. Institutional investors own 89.06% of the company’s stock.

About Tenable

(Get Free Report)

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.

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