Equities research analysts expect Tenable Holdings Inc (NASDAQ:TENB) to post ($0.13) earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Tenable’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.11). Tenable reported earnings per share of ($0.12) in the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 4th.

According to Zacks, analysts expect that Tenable will report full year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.42). For the next year, analysts forecast that the firm will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.50) to ($0.38). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Tenable.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. The business had revenue of $91.90 million for the quarter, compared to analyst estimates of $88.79 million. Tenable had a negative return on equity of 64.46% and a negative net margin of 24.14%. The business’s revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) EPS.

A number of brokerages recently commented on TENB. JPMorgan Chase & Co. upgraded Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Wednesday, October 30th. ValuEngine upgraded Tenable from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Tenable from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 1st. Finally, SunTrust Banks began coverage on Tenable in a research note on Wednesday, October 2nd. They set a “hold” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Tenable presently has a consensus rating of “Buy” and a consensus price target of $34.00.

In other news, CEO Amit Yoran sold 2,116 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $27.88, for a total value of $58,994.08. Following the completion of the transaction, the chief executive officer now owns 1,432,742 shares of the company’s stock, valued at $39,944,846.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Huffard, Jr. sold 15,350 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.54, for a total value of $407,389.00. Following the completion of the transaction, the director now directly owns 2,173 shares of the company’s stock, valued at approximately $57,671.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,073 shares of company stock valued at $2,788,440. 31.90% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Red Spruce Capital LLC bought a new position in shares of Tenable in the fourth quarter worth $513,000. Diversified Trust Co grew its stake in shares of Tenable by 76.4% in the fourth quarter. Diversified Trust Co now owns 16,185 shares of the company’s stock worth $388,000 after purchasing an additional 7,010 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of Tenable by 27.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 12,072 shares of the company’s stock worth $270,000 after purchasing an additional 2,600 shares in the last quarter. Man Group plc grew its stake in shares of Tenable by 213.7% in the third quarter. Man Group plc now owns 114,543 shares of the company’s stock worth $2,564,000 after purchasing an additional 78,034 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Tenable by 40.4% in the third quarter. Squarepoint Ops LLC now owns 81,702 shares of the company’s stock worth $1,828,000 after purchasing an additional 23,520 shares in the last quarter. 60.08% of the stock is owned by institutional investors.

TENB traded down $0.19 during trading on Friday, reaching $26.68. 533,720 shares of the company were exchanged, compared to its average volume of 638,621. The stock has a market cap of $2.64 billion, a P/E ratio of -31.39 and a beta of 2.62. The firm has a 50 day moving average of $24.91 and a 200 day moving average of $24.95. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.31. Tenable has a 52 week low of $20.77 and a 52 week high of $36.26.

About Tenable

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

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