Tenable Holdings Inc (NASDAQ:TENB) – William Blair upped their Q2 2019 EPS estimates for Tenable in a report issued on Wednesday, May 1st. William Blair analyst J. Ho now expects that the company will post earnings of ($0.27) per share for the quarter, up from their previous forecast of ($0.29). William Blair also issued estimates for Tenable’s Q3 2019 earnings at ($0.27) EPS, FY2019 earnings at ($0.99) EPS and FY2020 earnings at ($1.01) EPS.
Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $80.30 million for the quarter, compared to analyst estimates of $78.37 million. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year.
TENB has been the subject of several other research reports. Zacks Investment Research raised shares of Tenable from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Saturday, February 9th. Wedbush reaffirmed a “buy” rating and set a $44.00 price objective on shares of Tenable in a report on Wednesday, May 1st. Summit Insights assumed coverage on shares of Tenable in a report on Monday, February 11th. They set a “buy” rating for the company. Finally, Morgan Stanley raised shares of Tenable from an “equal” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $31.00 in a report on Tuesday, January 15th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.29.
NASDAQ TENB opened at $29.94 on Monday. The company has a market cap of $2.88 billion and a PE ratio of -22.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56. Tenable has a 1-year low of $20.00 and a 1-year high of $39.38.
In related news, CEO Amit Yoran sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $28.90, for a total value of $289,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen A. Vintz sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $28.77, for a total transaction of $2,877,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 574,513 shares of company stock valued at $18,034,509. 31.90% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in 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 acquiring an additional 1,743 shares during the period. JPMorgan Chase & Co. acquired a new stake in Tenable during the 3rd quarter worth $113,000. Metropolitan Life Insurance Co. NY grew its holdings in Tenable by 193.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock worth $89,000 after acquiring an additional 2,659 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Tenable during the 1st quarter worth $205,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Tenable by 4,624.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,472 shares of the company’s stock worth $205,000 after acquiring an additional 6,335 shares during the period. 42.01% of the stock is owned by institutional investors and hedge funds.
Tenable Company Profile
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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