Tenable Holdings Inc (NASDAQ: TENB) closed the day trading at $45.58 up 0.07% from the previous closing price of $45.55. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 1075624 shares were traded.
Ratios:
For a better understanding of TENB, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.16. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 1.20 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Yoran Amit sold 10,000 shares for $48.03 per share. The transaction valued at 480,300 led to the insider holds 338,226 shares of the business.
Vicks Raymond Jr. sold 809 shares of TENB for $38,630 on Feb 29 ’24. The Director now owns 4,631 shares after completing the transaction at $47.75 per share. On Feb 28 ’24, another insider, Thurmond Mark C., who serves as the Chief Operating Officer of the company, sold 3,644 shares for $46.81 each. As a result, the insider received 170,576 and left with 38,149 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 5.38B and an Enterprise Value of 5.32B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.74 while its Price-to-Book (P/B) ratio in mrq is 15.42. Its current Enterprise Value per Revenue stands at 6.66 whereas that against EBITDA is -594.11.
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 47.42, while the 200-Day Moving Average is calculated to be 43.95.
Shares Statistics:
Over the past 3-months, TENB traded about 999.45K shares per day on average, while over the past 10 days, TENB traded about 1.01M shares per day. A total of 117.15M shares are outstanding, with a floating share count of 116.07M. Insiders hold about 1.74% of the company’s shares, while institutions hold 89.87% stake in the company. Shares short for TENB as of Feb 15, 2024 were 4.28M with a Short Ratio of 4.28, compared to 3.15M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.64% and a Short% of Float of 3.70%.
Earnings Estimates
Current recommendations for the stock of the company come from 19 analysts. 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 $1.33, with 20 analysts recommending between $1.51 and $1.21.
Revenue Estimates
18 analysts predict $213.79M in revenue for the current quarter. 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 20 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 $902.74M. In the same quarter a year ago, actual revenue was $798.71M, up 13.00% from the average estimate. Based on 20 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.
