Tenable (NASDAQ:TENB) Given New $28.00 Price Target at DA Davidson

Tenable (NASDAQ:TENB) had its price objective reduced by DA Davidson from $45.00 to $28.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for Tenable’s Q2 2025 earnings at ($0.04) EPS, FY2025 earnings at $0.07 EPS and FY2026 earnings at $0.40 EPS.

Several other research firms have also issued reports on TENB. Truist Financial lowered their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stifel Nicolaus dropped their price objective on shares of Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday. UBS Group reduced their target price on shares of Tenable from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Tenable from $53.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and a consensus price target of $40.44.

Tenable Trading Up 0.1 %

TENB stock opened at $30.77 on Wednesday. The firm has a fifty day moving average price of $34.47 and a 200 day moving average price of $38.83. Tenable has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The firm has a market cap of $3.70 billion, a PE ratio of -102.57 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. Sell-side analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. The trade was a 3.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tenable

A number of large investors have recently made changes to their positions in the stock. MQS Management LLC acquired a new stake in Tenable during the 1st quarter worth about $267,000. CWM LLC boosted its position in Tenable by 962.5% in the first quarter. CWM LLC now owns 5,801 shares of the company’s stock valued at $203,000 after buying an additional 5,255 shares during the last quarter. Caas Capital Management LP acquired a new position in Tenable in the 1st quarter worth approximately $301,000. Xponance Inc. raised its position in Tenable by 6.6% during the 1st quarter. Xponance Inc. now owns 9,021 shares of the company’s stock worth $316,000 after buying an additional 562 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Tenable by 47.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock valued at $59,031,000 after acquiring an additional 544,375 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

About Tenable

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.