Tenable Holdings Inc [TENB] stock is trading at $40.82, up 0.74%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TENB shares have gain 2.67% over the last week, with a monthly amount drifted -1.11%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tenable Holdings Inc [NASDAQ: TENB] stock has seen the most recent analyst activity on August 01, 2024, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $40 from $56. Previously, Robert W. Baird started tracking the stock with Outperform rating on July 15, 2024, and set its price target to $55. On April 26, 2024, Scotiabank initiated with a Sector Perform rating and assigned a price target of $47 on the stock. Needham reiterated its Buy rating and increased its price target to $62 on February 07, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $60 on January 09, 2024. Susquehanna started tracking with a Positive rating for this stock on December 15, 2023, and assigned it a price target of $55. In a note dated October 09, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $51 to $47.
Tenable Holdings Inc [TENB] stock has fluctuated between $33.85 and $53.50 over the past year. Currently, Wall Street analysts expect the stock to reach $60.14 within the next 12 months. Tenable Holdings Inc [NASDAQ: TENB] shares were valued at $40.82 at the most recent close of the market. An investor can expect a potential return of 47.33% based on the average TENB price forecast.
Analyzing the TENB fundamentals
Tenable Holdings Inc [NASDAQ:TENB] reported sales of 852.04M for the trailing twelve months, which represents a growth of 13.44%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.19 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
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 40.16 points at the first support level, and at 39.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.17, and for the 2nd resistance point, it is at 41.52.
Ratios To Look Out For
For context, Tenable Holdings Inc’s Current Ratio is 1.14. Further, the Quick Ratio stands at 1.14, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 5.71, the price to book ratio is 13.53.
Transactions by insiders
Recent insider trading involved Yoran Amit, President, CEO and Chairman, that happened on Aug 26 ’24 when 5673.0 shares were sold. Chief Financial Officer, Vintz Stephen A completed a deal on Aug 26 ’24 to sell 3413.0 shares. Meanwhile, Chief Operating Officer Thurmond Mark C. sold 3383.0 shares on Aug 26 ’24.
