Tenable Holdings, Inc. (NASDAQ:TENB) could be among the best stocks to invest in right now as the company shares are trading 3.06% or 0.82 points up from last closing price of $26.79, reaching $27.61 at last check. Any clue why there is so much of action in the TENB stock? The share price has risen in 4 of the last 5 days and is down -16.98% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -197,560 shares, and in total 425540 shares valued at $11.749 million were seen changing hands compared with 623100 shares valued at $16.693 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in TENB stock for the next couple of days.
Tenable Holdings, Inc. (TENB) shares have notched a 3-month decline of about -16.98%, but has still advanced 20.73% year to date. By comparison, the stock sank 0% over the past 12 months, while it slipped -9.98% over the 1 month. The company’s market cap is around $2.63B, with its short interest ratio standing at 2.83%.
In the current trading session for TENB, the stock witnessed two major price actions, it rose to a high of $27.79 and was down as much as $26.86 at one point. The high recorded is very low when compared to their 52-week high which is $20. The 52-week high is now at -29.43 distance from current price. Their recent low of $39.38 represents a 38.95% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for TENB is $40.14, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Tenable Holdings, Inc. earned $-0.84 per share in the trailing 12 months and has a P/E ratio of -32.87. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 152.35 and lower compared to the sector’s average of 13.21. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. TENB also has P/S multiple of 9.4. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 9.84x.
The company recorded an interesting insider sale transaction by the Director on Jun 04, 2019. A Securities and Exchanges Commission filings show that John C Huffard Jr sold a total of 30,700 TENB shares that day for a sum of around $818,155. Tenable Holdings, Inc. (TENB) insiders have acquired 120,393 shares in the stock within the past three months. In total, individual insiders traded 9,772,357 shares in the business, which makes up 7.653% of 128,000,000 shares that were traded over a year. In the past 12 months, insiders have purchased 110,000,000 shares while the seller parted with 17,816,096 shares.
TENB‘s last price was down -5.67% as compared to the average trading price of 50 days recorded at $29.27 while enlarging the period to 200 trading days, the average closing price was $29.43. At present, there are 98.25 million in the total number of common shares owned by the public and among those 81.34 million shares have been available to trade. The percentage of shares being held by the company management was 1.8% while institutions stake was 82.6%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 83.5% over the past 12 months.
When assessing the full upside of the TENB stock, there is another set of technicals that should be looked into and considered. Its 1.65% gain from moving average of $27.16 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Tenable Holdings, Inc. — 9 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $38.4286 on shares of Tenable Holdings, Inc. (NASDAQ:TENB), which corresponds to 38.73% upside potential than its current market price of $27.61 and implies potential despite the recent advance in the price. However, their current target price has fallen from $38.8333 a month ago and is up handily from the consensus target of $37.8333 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 9.8%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded an increase of 35.9%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards TENB stock. First Trust Advisors LP trimmed position in the company after it dumped -15% or 445,675 shares of its common stock. The hedge fund now owns 378,824 shares worth $10,459,331, SEC documents show. FMR LLC shored up assets in the stock as 155431.4 shares have been purchased, increasing its stake by 336.7% to 678,769 shares which are currently valued at $18,740,812. In addition, Metropolitan Life Insurance Co NY recently reported that it now owns 9,472 shares making a total of $261,522 based on the recent price. This refelects a change of 134.9% in their ownership.