Tenable (NASDAQ:TENB) Posts Earnings Results, Misses Estimates By $0.26 EPS

Tenable (NASDAQ:TENB) posted its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share 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 %

Shares of NASDAQ TENB traded up $0.19 during mid-day trading on Wednesday, reaching $43.21. 2,392,174 shares of the company’s stock traded hands, compared to its average volume of 1,111,321. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day simple moving average of $41.43 and a 200 day simple moving average of $41.33. The stock has a market cap of $5.19 billion, a P/E ratio of -84.73 and a beta of 0.87. Tenable has a 1-year low of $35.25 and a 1-year high of $53.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on TENB. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Jefferies Financial Group increased their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.25.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amit Yoran sold 4,828 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,463 shares of company stock valued at $894,042. 4.30% of the stock is owned by corporate insiders.

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.