Analysts expect Tenable Holdings Inc (NASDAQ:TENB) to post earnings of ($0.18) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Tenable’s earnings, with estimates ranging from ($0.19) to ($0.16). The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Tenable will report full year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.61) to ($0.55). For the next financial year, analysts anticipate that the company will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.59) to ($0.31). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Tenable.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, February 5th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The business had revenue of $75.22 million during the quarter, compared to analysts’ expectations of $72.59 million. During the same period in the prior year, the firm posted ($0.12) EPS. Tenable’s revenue for the quarter was up 39.0% compared to the same quarter last year.

A number of equities research analysts have weighed in on TENB shares. Berenberg Bank started coverage on Tenable in a report on Thursday, November 29th. They issued a “buy” rating and a $38.00 price objective on the stock. Morgan Stanley raised Tenable from an “equal” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $31.00 in a report on Tuesday, January 15th. Zacks Investment Research raised Tenable from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, Summit Insights started coverage on Tenable in a research note on Monday, February 11th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Tenable presently has a consensus rating of “Buy” and a consensus price target of $36.86.

In other news, CEO Amit Yoran sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $28.90, for a total transaction of $289,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen A. Riddick sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $26.53, for a total value of $663,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 339,909 shares of company stock worth $10,221,055 in the last three months.

Several large investors have recently made changes to their positions in TENB. Geode Capital Management LLC raised its position in shares of Tenable by 17.5% during the 4th quarter. Geode Capital Management LLC now owns 187,975 shares of the company’s stock worth $4,171,000 after purchasing an additional 27,967 shares during the last quarter. Norges Bank acquired a new position in shares of Tenable during the 4th quarter worth approximately $888,000. Advisory Services Network LLC raised its position in shares of Tenable by 1,743.0% during the 4th quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock worth $41,000 after purchasing an additional 1,743 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Tenable during the 4th quarter worth approximately $1,996,000. Finally, Sylebra HK Co Ltd raised its position in shares of Tenable by 851.0% during the 4th quarter. Sylebra HK Co Ltd now owns 285,304 shares of the company’s stock worth $6,331,000 after purchasing an additional 255,304 shares during the last quarter. 42.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of TENB opened at $32.64 on Friday. Tenable has a twelve month low of $20.00 and a twelve month high of $39.38. The company has a market capitalization of $3.08 billion and a price-to-earnings ratio of -24.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56.

Tenable Company Profile

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

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Earnings History and Estimates for Tenable (NASDAQ:TENB)

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