Tenable Holdings Inc. (NASDAQ:TENB) saw an upside of 0.77% to close Friday at $44.56 after adding $0.34 on the day. The 5-day average trading volume is 479,160 shares of the company’s common stock. It has gained $45.82 in the past week and touched a new high 1 time within the past 5 days. An average of 946,005 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 925,996.
TENB’s 1-month performance is 5.62% or $1.74 on its low of $41.75 reached on 07/20/23. The company’s shares have touched a 52-week low of $28.80 and high of $49.77, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, TENB has achieved 16.80% or $6.41 and has reached a new high 10 times. However, the current price is down -10.47% from the 52-week high price.
Insider Transactions
TENB stock investors last saw insider trading activity on Aug 04.Thurmond Mark C. (Chief Operating Officer) most recently sold 6,396 shares at $47.09 per share on Aug 04. This transaction cost the insider $301,188. President, CEO and Chairman, Yoran Amit, sold 41,966 shares at a price of $48.20 on Jul 26. Then, on Jun 05, Director Zecher Linda Kay sold 2,600 shares at a price of $40.56 per share. This transaction amounted to $105,456.
Valuation Metrics
TENB stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.88 while the price-to-book (PB) in the most recent quarter is 16.32, with the price to cash flow ratio at 41.14.
Tenable Holdings Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.15, while the total debt to equity was 1.15. In terms of profitability, the gross margin trailing 12 months is 76.70%. The trailing 12-month EBITDA margin is -6.29% while for the period ending June 29, Tenable Holdings Inc.’s operating margin was -7.70%. The firm’s gross profit as reported stood at $528.4 million against revenue of $683.19 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -72.2% to -$15.97 million, while revenue of -$25.1 million was -57.17% off the previous quarter. Analysts expected TENB to announce $0.13 per share in earnings in its latest quarter, but it posted $0.22, representing a 69.20% surprise. EBITDA for the quarter stood at more than -$4.49 million. TENB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.15 billion, with total debt at $419.94 million. Shareholders hold equity totaling $115.64 million.
Let’s look briefly at Tenable Holdings Inc. (TENB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 39.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.13%.
The stock’s 5-day moving average is $45.04, reflecting a -2.02% or -$0.92 change from its current price. TENB is currently trading +2.86% above its 20-day SMA, -2.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.16% and SMA200 by+9.65%.
Stochastic %K and %D was 7.46% and 6.56% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 46.39%, while the 14-day stochastic is at 15.70% with the period’s ATR at 1.27. The stock’s 9-day MACD Oscillator is pointing at -0.81 and -1.56 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Tenable Holdings Inc. (NASDAQ: TENB), Stephens launched coverage with an Overweight rating. Analysts offering their rating for TENB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TENB as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.
What is TENB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $48.00 and a high of $60.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Tenable Holdings Inc. (TENB) stock is $54.47.
