Is Tenable Holdings Inc. (TENB) Holding Up Well Over a Long-Time Horizon?

Tenable Holdings Inc. [TENB] stock is trading at $46.83, up 2.67%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TENB shares have gain 2.74% over the last week, with a monthly amount glided 5.90%, and seem to be holding up well over a long-time horizon.

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On 12, September 2023, Tenable Named Best Security Company by 2023 SC Awards. In a post published today on Yahoo Finance, Tenable One Exposure Management Platform also recognized as Best Risk/Policy Management Solution of the Year.

From an analyst’s perspective:

Tenable Holdings Inc. [NASDAQ: TENB] stock has seen the most recent analyst activity on September 18, 2023, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $55.

Tenable Holdings Inc. [TENB] stock has fluctuated between $28.80 and $49.77 over the past year. Currently, Wall Street analysts expect the stock to reach $55.31 within the next 12 months. Tenable Holdings Inc. [NASDAQ: TENB] shares were valued at $46.83 at the most recent close of the market. An investor can expect a potential return of 18.11% based on the average TENB price forecast.

Analyzing the TENB fundamentals

Tenable Holdings Inc. [NASDAQ:TENB] reported sales of 195.04 billion for the most recent quarter, which represents a growth of 18.70%. During this period, the public company’s revenue per employee was $359,574, while its income per employee was -$48,538. Gross Margin for this corporation currently stands at +77.34% with Operating Margin at -9.54%, Pretax Margin comes in at -12.48%, and Net Margin reading is -13.50%. To continue investigating profitability, this company’s Return on Assets is posted at -6.86, Equity is -37.94, Total Capital is -9.77, and Invested Capital is -13.97. An extended look at the Principal structure reveals enduring liabilities to the total capital of 60.97 and enduring liabilities to assets of 29.39.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.01 points at the first support level, and at 45.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.44, and for the 2nd resistance point, it is at 48.06.

Tenable Holdings Inc. [TENB] reported earnings per share of $0.22 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of $0.09 and a surprise factor of 69.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.11 per share as compared to estimates of $0.03 per share, a difference of $0.08 representing a surprise of 266.70%.

Ratios To Look Out For

For context, Tenable Holdings Inc.’s Current Ratio is 1.60. In addition, the Quick Ratio stands at 1.39 and the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 6.22, the price to book ratio is 15.92.

Transactions by insiders

In the past 3 months, 13 insiders have purchased 124,641 shares, and 12 have sold 93,440 shares. Recent insider trading involved Thurmond Mark C., Chief Operating Officer, that happened on Aug 25 when 921.0 shares were sold. President, CEO and Chairman, Yoran Amit completed a deal on Aug 24 to sell 5862.0 shares. Meanwhile, Chief Financial Officer Vintz Stephen A sold 3525.0 shares on Aug 24.