Tenable Holdings Inc [TENB] stock is trading at $43.44, up 1.66%. 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 3.72% over the last week, with a monthly amount glided 11.36%, 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 December 02, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $47 for it. Previously, Jefferies started tracking the stock with Hold rating on October 16, 2024, and set its price target to $45. On August 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $40 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $55 on July 15, 2024. Scotiabank initiated its recommendation with a Sector Perform and recommended $47 as its price target on April 26, 2024. Needham reiterated a Buy rating for this stock on February 07, 2024, and upped its price target to $62. In a note dated January 09, 2024, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $46 to $60.
Tenable Holdings Inc [TENB] stock has fluctuated between $35.25 and $53.50 over the past year. Currently, Wall Street analysts expect the stock to reach $47.5 within the next 12 months. Tenable Holdings Inc [NASDAQ: TENB] shares were valued at $43.44 at the most recent close of the market. An investor can expect a potential return of 9.35% based on the average TENB price forecast.
Analyzing the TENB fundamentals
Tenable Holdings Inc [NASDAQ:TENB] reported sales of 877.60M for the trailing twelve months, which represents a growth of 12.68%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.16 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
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 42.39 points at the first support level, and at 41.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.15, and for the 2nd resistance point, it is at 44.85.
Ratios To Look Out For
For context, Tenable Holdings Inc’s Current Ratio is 1.21. In addition, the Quick Ratio stands at 1.21 and the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 5.95, the price to book ratio is 13.03.
Transactions by insiders
Recent insider trading involved Thurmond Mark C., Chief Operating Officer, that happened on Nov 27 ’24 when 939.0 shares were sold. Chief Operating Officer, Thurmond Mark C. completed a deal on Nov 26 ’24 to sell 3423.0 shares. Meanwhile, Officer Thurmond Mark C. bought 939.0 shares on Nov 27 ’24.
