The stock of Tenable Holdings Inc. (NASDAQ:TENB) increased by $1.35 on Friday to finish at $44.13, up 3.16 percent. The last five days have seen an average of 646,320 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $5.98. The average number of shares traded over the last 20 days was 674,765, while the average volume over the last 50 days totaled 873,222.
TENB stock dropped -6.54% since last month. On 08/25/23, the company’s shares reached a one-month low of $42.62. The stock touched a high of $49.77 on 08/01/23, after rallying from a low of $28.80 in 52 weeks. The price of TENB stock has risen by 15.67% or $5.98 this year, reaching a new high 10 times. Still, the stock price is down -11.33% from the 52-week high.
Insider Transactions
TENB stock investors should be aware that Tenable Holdings Inc. (TENB) stock had its last reported insider trading activity 4 days ago on Aug 24. On Aug 24, President, CEO and Chairman Yoran Amit sold 5,862 shares at $43.42 each. This transaction resulted in the insider making $254,528. On Aug 24, Vintz Stephen A sold 3,525 shares at a price of US$43.42. After the transaction, the insider now owns 217,717 shares. Chief Operating Officer Thurmond Mark C. had earlier sold 2,584 shares on Aug 24 for $43.42 a share. The transaction was completed for $112,197.
Valuation Metrics
Beta for the stock is 1.25. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.65, the price-to-book (PB) ratio of 16.16, and the price-to-cash flow ratio of 39.80.
Financial Health
For the three months ended June 29, Tenable Holdings Inc.’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.15, and the total debt to equity ratio is 1.15. As far as profitability goes, gross margin for the trailing twelve months is 76.70% percent. Tenable Holdings Inc.’s EBITDA margin for the year ended June 29 was -6.29%, whereas its operating margin stood at -7.70% for the same period. Based on annual data, it had gross profit of $528.4 million and revenue of $683.19 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TENB’s return on assets (ROA) during the last 12 months has been -5.70%. There was a -11.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -28.60%.
Earnings Surprise
According to Tenable Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $195.04 million, while revenues rose by 15.74% to $188.84 million. It was predicted that Tenable Holdings Inc.’s quarterly earnings would be $0.22, but it ended up being $0.13, beating the consensus by 69.20%. EBITDA was -$4.49 million for the quarter. At the end of Tenable Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 1.15 billion, while its total debt was $419.94 million. Equity owned by shareholders amounts to $115.64 million.
Technical Picture
Here’s a quick look at Tenable Holdings Inc.’s (TENB) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 43.21%, suggesting the stock is Neutral, with a 29.78% historical volatility rate.
The stochastic %K and %D were 17.05% and 20.03% respectively, while the average true range (ATR) was 1.30. Based on the 14-day stochastic reading of 31.79%, the RSI (14) reading is 46.01%. On the 9-day MACD Oscillator, the stock is at -0.78, and the 14-day reading is at -1.25.
Analyst Ratings
In its analyst report released on August 18, 2023, Stephens began covering Tenable Holdings Inc. (NASDAQ: TENB). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Tenable Holdings Inc. (TENB) an Overweight rating. TENB is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 13 others recommend it as a buy.
What is TENB’s price target for the next 12 months?
The current consensus forecast for the stock is between $48.00 and $60.00, with a median target price of $55.00. In analyzing these forecasts, the average price target given by analysts for Tenable Holdings Inc. (TENB) is $54.80.
