During the last session, Tenable Holdings Inc. (NASDAQ:TENB)’s traded shares were 0.48 million. At the end of the trading day, the stock’s price was $46.74, reflecting an intraday gain of 1.90% or $0.87. The 52-week high for the TENB share is $58.45, that puts it down -25.05 from that peak though still a striking 28.86% gain since the share price plummeted to a 52-week low of $33.25. The company’s market capitalization is $4.87B, and the average intraday trading volume over the past 10 days was 0.65 million shares, and the average trade volume was 1.01 million shares over the past three months.
Tenable Holdings Inc. (TENB) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. TENB has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.02.
Tenable Holdings Inc. (NASDAQ:TENB) trade information
Tenable Holdings Inc. (TENB) registered a 1.90% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.90% in intraday trading to $46.74 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 4.54%, and it has moved by 6.66% in 30 days. Based on these gigs, the overall price performance for the year is 18.24%. The short interest in Tenable Holdings Inc. (NASDAQ:TENB) is 2.46 million shares and it means that shorts have 2.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $60.07, which implies an increase of 22.19% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $48.00 and $67.00 respectively. As a result, TENB is trading at a discount of -43.35% off the target high and -2.7% off the low.
Tenable Holdings Inc. (TENB) estimates and forecasts
Statistics show that Tenable Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Tenable Holdings Inc. (TENB) shares have gone up 24.37% during the last six months, with a year-to-date growth rate more than the industry average at 47.37% against -0.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -77.80% this quarter and then drop -69.20% in the quarter after that. In the rating firms’ projections, revenue will increase 20.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $134.48 million as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $141.95 million by the end of Dec 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.70%. While earnings are projected to return 59.00% in 2021, the next five years will return 9.80% per annum.
Tenable Holdings Inc. is due to release its next quarterly earnings between October 25 and October 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Tenable Holdings Inc. (NASDAQ:TENB)’s Major holders
Tenable Holdings Inc. insiders own 5.28% of total outstanding shares while institutional holders control 93.88%, with the float percentage being 99.11%. Insight Holdings Group, Llc is the largest shareholder of the company, while 334 institutions own stock in it. As of Mar 30, 2021, the company held over 10.14 million shares (or 9.60% of all shares), a total value of $366.82 million in shares.
The next largest institutional holding, with 8.52 million shares, is of FMR, LLC’s that is approximately 8.07% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $308.18 million.
Also, the Mutual Funds coming in first place with the largest holdings of Tenable Holdings Inc. (TENB) shares are Vanguard Total Stock Market Index Fund and First Trust NASDAQ Cybersecurity ETF. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 2.06 million shares. This amounts to just over 1.95 percent of the company’s overall shares, with a $74.51 million market value. The same data shows that the other fund manager holds slightly less at 1.94 million, or about 1.83% of the stock, which is worth about $80.89 million.