Tenable Holdings Inc (NASDAQ: TENB) is -1.04% lower on its value in year-to-date trading and has touched a low of $33.85 and a high of $53.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TENB stock was last observed hovering at around $45.55 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $45.58, the stock is -6.65% and -3.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.07% at the moment leaves the stock 3.70% off its SMA200. TENB registered 1.09% gain for a year compared to 6-month gain of 0.82%. The firm has a 50-day simple moving average (SMA 50) of $6.66 and a 200-day simple moving average (SMA200) of -$594.38.
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The stock witnessed a -2.98% loss in the last 1 month and extending the period to 3 months gives it a 10.82%, and is -3.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.17% over the week and 3.14% over the month.
Tenable Holdings Inc (TENB) has around 1999 employees, a market worth around $5.38B and $798.71M in sales. Fwd P/E is 34.49. Profit margin for the company is -9.80%. Distance from 52-week low is 34.65% and -14.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.39%).
Tenable Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $213.79M over the same period.The EPS is expected to grow by 34.68% this year, but quarterly earnings will post 13.00% year-over-year. Quarterly sales are estimated to grow 13.20% in year-over-year returns.
395 institutions hold shares in Tenable Holdings Inc (TENB), with institutional investors hold 94.38% of the company’s shares. The shares outstanding are 117.15M, and float is at 116.07M with Short Float at 3.69%. Institutions hold 92.75% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.97 million shares valued at $521.1 million. The investor’s holdings represent 10.35% of the TENB Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 11.93 million shares valued at $519.46 million to account for 10.31% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.12 million shares representing 8.75% and valued at over $440.55 million, while Rgm Capital, Llc holds 3.49% of the shares totaling 4.04 million with a market value of $175.95 million.
Tenable Holdings Inc (TENB) Insider Activity
The most recent transaction is an insider sale by Yoran Amit, the company’s President, CEO and Chairman. SEC filings show that Yoran Amit sold 10,000 shares of the company’s common stock on Mar 04 ’24 at a price of $48.03 per share for a total of $0.48 million. Following the sale, the insider now owns 0.34 million shares.
Tenable Holdings Inc disclosed in a document filed with the SEC on Feb 29 ’24 that Vicks Raymond Jr. (Director) sold a total of 809 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $47.75 per share for $38630.0. Following the transaction, the insider now directly holds 4631.0 shares of the TENB stock.
Still, SEC filings show that on Feb 28 ’24, Thurmond Mark C. (Chief Operating Officer) disposed off 3,644 shares at an average price of $46.81 for $0.17 million. The insider now directly holds 38,149 shares of Tenable Holdings Inc (TENB).
