Tenable Holdings Inc [TENB] stock prices are up 3.76% to $40.52 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TENB shares have gain 3.98% over the last week, with a monthly amount drifted -5.77%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Tenable Holdings Inc [TENB] has been fluctuating 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 $40.52 at the most recent close of the market. An investor can expect a potential return of 17.23% based on the average TENB price forecast.
Analyzing the TENB fundamentals
The Tenable Holdings Inc [NASDAQ:TENB] reported sales of 877.60M for trailing twelve months, representing a surge 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. 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 39.84 points at the first support level, and at 39.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.99, and for the 2nd resistance point, it is at 41.46.
Ratios To Look Out For
It’s worth pointing out that Tenable Holdings Inc [NASDAQ:TENB]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 5.55, the price to book ratio is 12.15.
Transactions by insiders
Recent insider trading involved Vicks Raymond Jr., Director, that happened on Jan 08 ’25 when 809.0 shares were sold. Director, Vicks Raymond Jr. completed a deal on Jan 08 ’25 to buy 809.0 shares. Meanwhile, Chief Operating Officer Thurmond Mark C. sold 939.0 shares on Nov 27 ’24.
