What You Need To Know About Tenable Holdings Inc. (TENB)

Tenable Holdings Inc. (NASDAQ:TENB) finished Wednesday with an addition of $1.67 to close at $50.53, an upside of 3.42 percent. An average of 630,060 shares of common stock have been traded in the last five days. There was a gain of $3.01 in the past week. The last 20 days have seen an average of 916,290 shares traded, while the 50-day average volume stands at 883,610.

TENB stock has increased by 8.20% in the last month. The company shares reached their 1-month lowest point of $43.92 on 09/20/21. With the stock rallying to its 52-week high on 01/19/21, shares of the company touched a low of $33.25 and a high of $58.45 in 52 weeks. In spite of this, the price is down -13.55% from the 52-week high.

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Insider Transactions

13 days have passed since Tenable Holdings Inc. (TENB) last reported insider trading activity. Riddick Stephen A, who is General Counsel & Secretary, most recently acquired $7,260 shares at $46.37 per share on Oct 01. In this transaction, the insider spent $336,646. Director, COVIELLO ARTHUR W JR, disposed of 19,166 shares at a price of $46.36 on Oct 01. The insider now owns more than $888,536 worth of shares. Prior to that, Director Zecher Linda Kay went on to Sale 2,124 shares at $47.08 each on Sep 15. An amount of $99,998 was transacted.

Valuation Metrics

Tenable Holdings Inc. (TENB) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.29, the price-to-book (PB) ratio at 28.87, and the price-to-cash flow ratio at 63.50.

The quick ratio of Tenable Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 81.80% against a 5-year average of 84.8%. Tenable Holdings Inc.’s EBITDA margin for the year ending June 29 is -5.78%, while its operating margin for the same period stands at -4.50%. Its gross profit as reported stood at $362.67 million compared to revenue of $440.22 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tenable Holdings Inc.’s return on assets was -3.90%, compared to -23.4% over the last five years. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Tenable Holdings Inc. had $125.11 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $130.26 million in the quarter, while revenues of $123.19 million were grew 17.7%. The analyst consensus anticipated Tenable Holdings Inc.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.09, a 80.00% surprise. For the quarter, EBITDA amounted to -$7.89 million. Shareholders own equity worth $106.58 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tenable Holdings Inc. (TENB) price momentum. RSI 9-day as of the close on 13 October was 68.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.70%.

As of today, TENB’s price is $48.88 +6.33% or $3.01 from its 5-day moving average. TENB is currently trading +6.49% higher than its 20-day SMA and +22.88% higher than its 100-day SMA. However, the stock’s current price level is +11.74% above the SMA50 and -5.43% below the SMA200.

The stochastic %K and %D were 82.76% and 80.15%, respectively, and the average true range (ATR) was 1.51. With the 14-day stochastic at 92.75% and the average true range at 1.48, the RSI (14) stands at 64.62%. The stock has reached 1.13 on the 9-day MACD Oscillator while the 14-day reading was at 1.54.

Analyst Ratings

Wells Fargo launched coverage on Tenable Holdings Inc. (NASDAQ: TENB) in its analyst report released on October 05, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for Tenable Holdings Inc. (TENB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TENB, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 16 others rate it as a “buy”.

What is TENB’s price target for the next 12 months?

Analysts predict a range of price targets between $55.00 and $67.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Tenable Holdings Inc. (TENB) stock is $60.53.


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