Tenable (NASDAQ:TENB) Hits New 1-Year Low – What’s Next?

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $21.55 and last traded at $21.7010, with a volume of 107968 shares traded. The stock had previously closed at $22.12.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TENB shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research report on Wednesday, October 8th. Needham & Company LLC lowered their price objective on shares of Tenable from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wall Street Zen cut shares of Tenable from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Truist Financial set a $27.00 price target on shares of Tenable in a research note on Tuesday. Finally, Scotiabank decreased their price objective on Tenable from $37.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.82.

Tenable Price Performance

The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -84.19 and a beta of 0.64. The business has a 50 day simple moving average of $24.70 and a 200-day simple moving average of $28.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94.

Tenable (NASDAQ:TENB) last released its 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 business had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. During the same period in the prior year, the company earned $0.32 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. Equities research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Tenable during the 3rd quarter valued at about $25,000. Signaturefd LLC raised its stake in Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Tenable during the second quarter valued at approximately $37,000. Exchange Traded Concepts LLC purchased a new position in Tenable in the 3rd quarter worth approximately $45,000. Finally, Horizon Investments LLC bought a new position in shares of Tenable in the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.