A share price of Tenable Holdings Inc [TENB] is currently trading at $41.23, down -1.36%. 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 2.21% over the last week, with a monthly amount glided 1.00%, and 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 October 16, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $45. Previously, DA Davidson downgraded its rating to Neutral on August 01, 2024, and dropped its price target to $40. On July 15, 2024, Robert W. Baird initiated with a Outperform rating and assigned a price target of $55 on the stock. Scotiabank started tracking the stock assigning a Sector Perform rating and suggested a price target of $47 on April 26, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $62 on February 07, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on January 09, 2024, and upped its price target to $60. In a note dated December 15, 2023, Susquehanna initiated an Positive rating and provided a target price of $55 on this stock.
Tenable Holdings Inc experienced fluctuations in its stock price throughout the past year between $33.85 and $53.50. Currently, Wall Street analysts expect the stock to reach $58.25 within the next 12 months. Tenable Holdings Inc [NASDAQ: TENB] shares were valued at $41.23 at the most recent close of the market. An investor can expect a potential return of 41.28% based on the average TENB price forecast.
Analyzing the TENB fundamentals
Trailing Twelve Months sales for Tenable Holdings Inc [NASDAQ:TENB] were 852.04M which represents 13.44% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 40.92 points at the first support level, and at 40.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.75, and for the 2nd resistance point, it is at 42.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tenable Holdings Inc [NASDAQ:TENB] 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 5.76, the price to book ratio is 13.66.
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.
