In the latest trading session,, 1.36 million Tenable Holdings Inc (NASDAQ:TENB) shares changed hands as the company’s beta touched 0.82. With the company’s most recent per share price at $30.49 changed hands at -$3.19 or -9.47% at last look, the market valuation stands at $3.66B. TENB’s current price is a discount, trading about -61.3% off its 52-week high of $49.18. The share price had its 52-week low at $29.99, which suggests the last value was 1.64% up since then. When we look at Tenable Holdings Inc’s average trading volume, we note the 10-day average is 1.01 million shares, with the 3-month average coming to 1.18 million.
Analysts gave the Tenable Holdings Inc (TENB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.96. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended TENB as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight.
Tenable Holdings Inc (NASDAQ:TENB) trade information
Instantly TENB was in red as seen in intraday trades today. With action -4.06%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -22.57%, with the 5-day performance at -4.06% in the red. However, in the 30-day time frame, Tenable Holdings Inc (NASDAQ:TENB) is -12.84% down. Looking at the short shares, we see there were 4.36 million shares sold at short interest cover period of 3.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 43.5, meaning bulls need an upside of 29.91% from its recent market value. According to analyst projections, TENB’s forecast low is 40 with 47 as the target high. To hit the forecast high, the stock’s price needs a -54.15% plunge from its current level, while the stock would need to soar -31.19% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.59%. The 2025 estimates are for Tenable Holdings Inc earnings to increase by 15.54%, but the outlook for the next 5-year period is at 16.50% per year.
TENB Dividends
Tenable Holdings Inc is expected to release its next quarterly earnings report on 2025-Apr-28.
Tenable Holdings Inc (NASDAQ:TENB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.84% of Tenable Holdings Inc shares while 92.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.62%. There are 92.88% institutions holding the Tenable Holdings Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 12.5594% of the shares, roughly 14.91 million TENB shares worth $649.59 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.9857% or 13.04 million shares worth $568.2 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios-Software and IT Services Portfolio . With 3.78 shares estimated at $114.69 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, Fidelity Select Portfolios-Software and IT Services Portfolio held about 3.05% of the shares, roughly 3.67 shares worth around $111.48 million.
