In last trading session, Tenable Holdings Inc (NASDAQ:TENB) saw 0.67 million shares changing hands with its beta currently measuring 0.86. Company’s recent per share price level of $43.20 trading at $0.3 or 0.70% at ring of the bell on the day assigns it a market valuation of $5.14B. That closing price of TENB’s stock is at a discount of -23.84% from its 52-week high price of $53.50 and is indicating a premium of 21.64% from its 52-week low price of $33.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.82 million shares which gives us an average trading volume of 875.90K if we extend that period to 3-months.
For Tenable Holdings Inc (TENB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.24 in the current quarter.
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Tenable Holdings Inc (NASDAQ:TENB) trade information
Upright in the green during last session for gaining 0.70%, in the last five days TENB remained trading in the red while hitting it’s week-highest on Wednesday, 07/24/24 when the stock touched $43.20 price level, adding 2.77% to its value on the day. Tenable Holdings Inc’s shares saw a change of -6.21% in year-to-date performance and have moved -0.39% in past 5-day. Tenable Holdings Inc (NASDAQ:TENB) showed a performance of 5.06% in past 30-days. Number of shares sold short was 4.2 million shares which calculate 4.25 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 60 to the stock, which implies a rise of 28.0% to its current value. Analysts have been projecting 47 as a low price target for the stock while placing it at a high target of 75. It follows that stock’s current price would drop -8.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.8% for stock’s current value.
Tenable Holdings Inc (TENB) estimates and forecasts
Statistics highlight that Tenable Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -8.42% of value to its shares in past 6 months, showing an annual growth rate of 37.50% while that of industry is 21.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.30% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 218.51M for the same. And 20 analysts are in estimates of company making revenue of 228.13M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.22% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 37.68% while estimates for its earnings growth in next 5 years are of 44.70%.
Tenable Holdings Inc (NASDAQ:TENB)’s Major holders
Insiders are in possession of 1.71% of company’s total shares while institution are holding 93.66 percent of that, with stock having share float percentage of 95.29%. Investors also watch the number of corporate investors in a company very closely, which is 93.66% institutions for Tenable Holdings Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at TENB for having 13.21 million shares of worth $653.17 million. And as of 2024-03-31, it was holding 11.3214 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 12.54 million shares on 2024-03-31. The number of shares represents firm’s hold over 10.7468 of outstanding shares, having a total worth of $620.02 million.
