Wall Street Zen Downgrades Tenable (NASDAQ:TENB) to Buy

Tenable (NASDAQ:TENB) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the company. Barclays cut their price objective on Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Morgan Stanley upped their price objective on Tenable from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Stifel Nicolaus upped their price objective on Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, July 31st. UBS Group upped their price objective on Tenable from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Needham & Company LLC upped their price objective on Tenable from $35.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Nine 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.19.

Tenable Trading Up 0.9%

Shares of TENB stock opened at $30.30 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable has a 1 year low of $28.51 and a 1 year high of $45.44. The stock has a fifty day moving average of $30.01 and a two-hundred day moving average of $31.51. The firm has a market capitalization of $3.67 billion, a PE ratio of -81.89 and a beta of 0.73.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. As a group, research analysts expect that Tenable will post 0.12 EPS for the current year.

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 4,622 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total transaction of $139,214.64. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $451,800. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barron Anschutz sold 976 shares of the company’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $29.10, for a total value of $28,401.60. Following the transaction, the insider directly owned 61,420 shares in the company, valued at $1,787,322. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,555 shares of company stock valued at $1,951,065. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new position in Tenable during the second quarter valued at $37,000. Exchange Traded Concepts LLC acquired a new position in Tenable during the third quarter valued at $45,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Tenable during the first quarter valued at $69,000. Nisa Investment Advisors LLC raised its position in Tenable by 76.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock valued at $78,000 after buying an additional 1,164 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in Tenable by 743.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock valued at $86,000 after buying an additional 2,178 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

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.