As of close of business last night, Tenable Holdings Inc’s stock clocked out at $47.39, up 0.19% from its previous closing price of $47.30. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 821721 shares were traded.
Ratios:
To gain a deeper understanding of TENB’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on February 07, 2024, Reiterated its Buy rating but revised its target price to $62 from $56 previously.
On January 09, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $46 to $60.
On December 15, 2023, Susquehanna started tracking the stock assigning a Positive rating and target price of $55.Susquehanna initiated its Positive rating on December 15, 2023, with a $55 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 26 when Yoran Amit sold 16,091 shares for $47.72 per share. The transaction valued at 767,863 led to the insider holds 342,943 shares of the business.
Vintz Stephen A sold 9,671 shares of TENB for $461,500 on Feb 26. The Chief Financial Officer now owns 260,492 shares after completing the transaction at $47.72 per share. On Feb 26, another insider, Thurmond Mark C., who serves as the Chief Operating Officer of the company, sold 7,110 shares for $47.72 each. As a result, the insider received 339,289 and left with 45,271 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TENB now has a Market Capitalization of 5.57B and an Enterprise Value of 5.51B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.94 while its Price-to-Book (P/B) ratio in mrq is 16.03. Its current Enterprise Value per Revenue stands at 6.90 whereas that against EBITDA is -615.13.
Stock Price History:
Over the past 52 weeks, TENB has reached a high of $53.50, while it has fallen to a 52-week low of $33.85. The 50-Day Moving Average of the stock is 47.03, while the 200-Day Moving Average is calculated to be 43.67.
Shares Statistics:
It appears that TENB traded 1.04M shares on average per day over the past three months and 1.15M shares per day over the past ten days. A total of 117.15M shares are outstanding, with a floating share count of 114.93M. Insiders hold about 1.71% of the company’s shares, while institutions hold 90.78% stake in the company. Shares short for TENB as of Jan 31, 2024 were 3.93M with a Short Ratio of 3.79, compared to 3.64M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.34% and a Short% of Float of 3.39%.
Earnings Estimates
As of right now, 20 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.17, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.26, with high estimates of $0.28 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.1 and $1.05 for the fiscal current year, implying an average EPS of $1.08. EPS for the following year is $1.34, with 21 analysts recommending between $1.51 and $1.21.
Revenue Estimates
In the current quarter, 19 analysts expect revenue to total $213.73M. It ranges from a high estimate of $218.68M to a low estimate of $212.44M. As of the current estimate, Tenable Holdings Inc’s year-ago sales were $188.84M, an estimated increase of 13.20% from the year-ago figure.
A total of 21 analysts have provided revenue estimates for TENB’s current fiscal year. The highest revenue estimate was $918.02M, while the lowest revenue estimate was $899.81M, resulting in an average revenue estimate of $902.68M. In the same quarter a year ago, actual revenue was $798.71M, up 13.00% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $1.03B in the next fiscal year. The high estimate is $1.07B and the low estimate is $1.01B. The average revenue growth estimate for next year is up 13.90% from the average revenue estimate for this year.
