Tenable (NASDAQ:TENB) Issues Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Tenable (NASDAQ:TENB) announced its earnings results on Wednesday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26), Zacks reports. Tenable had a negative net margin of 6.82% and a negative return on equity of 6.21%.

Tenable Stock Up 0.4 %

Tenable stock traded up $0.19 during midday trading on Wednesday, hitting $43.21. 2,404,852 shares of the company’s stock were exchanged, compared to its average volume of 1,111,321. The firm has a 50-day moving average of $41.43 and a two-hundred day moving average of $41.33. Tenable has a 12 month low of $35.25 and a 12 month high of $53.50. The company has a market cap of $5.19 billion, a PE ratio of -84.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Insider Activity

In related news, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,463 shares of company stock worth $894,042. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of recent research reports. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and decreased their target price for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Jefferies Financial Group raised their price objective on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Barclays cut their price objective on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Monday, January 6th. Finally, Robert W. Baird dropped their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.25.

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.