Tenable Holdings Inc [TENB] stock prices are down -0.65% to $48.79 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TENB shares have gain 2.01% over the last week, with a monthly amount glided 2.80%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Tenable Recognized as a Cyber AI Leader on the First-Ever CRN AI 100 List. In a post published today on Yahoo Finance, Tenable®, the Exposure Management company, today announced it has been recognized by CRN, a brand of The Channel Company, on the inaugural 2024 AI 100 list in the Artificial Intelligence (AI) for Cybersecurity category.
From an analyst’s perspective:
Tenable Holdings Inc [NASDAQ: TENB] stock has seen the most recent analyst activity on February 07, 2024, when Needham reiterated its Buy rating and also boosted its price target to $62 from $56. Previously, Morgan Stanley upgraded its rating to Overweight on January 09, 2024, and elevated its price target to $60. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $55 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $47 on October 09, 2023. TD Cowen initiated its recommendation with a Outperform and recommended $55 as its price target on September 18, 2023. JP Morgan upgraded its rating to Overweight for this stock on September 11, 2023, and upped its price target to $56. In a note dated August 18, 2023, Stephens initiated an Overweight rating and provided a target price of $60 on this stock.
The stock price of Tenable Holdings Inc [TENB] has been fluctuating between $33.85 and $53.50 over the past year. Currently, Wall Street analysts expect the stock to reach $59.86 within the next 12 months. Tenable Holdings Inc [NASDAQ: TENB] shares were valued at $48.79 at the most recent close of the market. An investor can expect a potential return of 22.69% based on the average TENB price forecast.
Analyzing the TENB fundamentals
The Tenable Holdings Inc [NASDAQ:TENB] reported sales of 798.71M for trailing twelve months, representing a surge of 15.53%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.24 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
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 47.82 points at the first support level, and at 46.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.31, and for the 2nd resistance point, it is at 49.82.
Tenable Holdings Inc [TENB] reported earnings per share of $0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of $0.11 and a surprise factor of 78.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.23 per share as compared to estimates of $0.18 per share, a difference of $0.05 representing a surprise of 27.80%.
Ratios To Look Out For
It’s worth pointing out that Tenable Holdings Inc [NASDAQ:TENB]’s Current Ratio is 1.12. Also, the Quick Ratio is 1.12, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 7.22, the price to book ratio is 16.50.
Transactions by insiders
Recent insider trading involved Vintz Stephen A, Chief Financial Officer, that happened on Mar 28 ’24 when 15505.0 shares were sold. Chief Financial Officer, Vintz Stephen A completed a deal on Mar 21 ’24 to sell 11586.0 shares. Meanwhile, Chief Financial Officer Vintz Stephen A sold 78409.0 shares on Mar 20 ’24.
