Tenable Holdings, Inc. (TENB): What’s Inside the Story?

On Wednesday, shares of Tenable Holdings, Inc. (NASDAQ:TENB) marked $26.27 per share versus a previous $26.01 closing price. With having a 1.00% gain, an insight into the fundamental values of Tenable Holdings, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. TENB showed a rise of 9.64% within its YTD performance, with highs and lows between $20.77 – $36.26 during the period of 52 weeks, compared to the simple moving average of -0.41% in the period of the last 200 days.

JP Morgan equity researchers changed the status of Tenable Holdings, Inc. (NASDAQ: TENB) shares from “Neutral” to a “Overweight” rating in the report published on October 30th, 2019. Other analysts, including SunTrust, also published their reports on TENB shares. SunTrust repeated the rating from the previous report, marking TENB under “Hold” rating, in the report published on October 3rd, 2019. Additionally, TENB shares got another “Neutral” rating from Macquarie, setting a target price of $35 on the company’s shares, according to the report published in July 16th, 2019. On the other hand, Cowen Initiated the “Outperform” rating for TENB shares, as published in the report on May 23rd, 2019. Morgan Stanley seems to be going bullish on the price of TENB shares, based on the price prediction for TENB. Another “Buy” rating came from Berenberg, providing a prediction for price target according to the report published in November 29th, 2018.

Tenable Holdings, Inc. (TENB) Analysis

The present dividend yield for TENB owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 32.40%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Tenable Holdings, Inc. (TENB) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -65.00% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.50 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while TENB is currently recording an average of 612.27K in volumes. The volatility of the stock on monthly basis is set at 3.14%, while the weekly volatility levels are marked at 2.85%with 1.04% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $34.73, indicating growth from the present price of $26.27, which can represent yet another valuable research and analysis points that can help you decide whether to invest in TENB or pass.

What to Look for When Analyzing Tenable Holdings, Inc. Shares?

Tenable Holdings, Inc. (TENB) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare TENB shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Tenable Holdings, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.83 is supported by the yearly ESP growth of -20.70%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 1.50%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 92.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in TENB Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in TENB in the recent period. That is how The Vanguard Group, Inc. now has an increase position in TENB by 32.01% in the first quarter, owning 3.08 million shares of TENB stocks, with the value of $73.71 million after the purchase of an additional 745,947 shares during the last quarter. In the meanwhile, Sylebra HK Co. Ltd. also increased their stake in TENB shares changed 6.96% in the first quarter, which means that the company now owns 2.73 million shares of company, all valued at $65.45 million after the acquisition of additional 177,684 shares during the last quarter.

BlackRock Fund Advisors acquired a new position in Tenable Holdings, Inc. during the first quarter, with the value of $56.91 million, and Mackenzie Financial Corp. increased their stake in the company’s shares by 412.86% in the first quarter, now owning 1,878,728 shares valued at $55.92 million after the acquisition of the additional 2.33 million shares during the last quarter. In the end, Champlain Investment Partners LLC increased their position by 5.40% during the first quarter, now owning 2.32 million TENB shares, now holding the value of $55.53 million in TENB with the purchase of the additional 2,317,645 shares during the period of the last quarter. At the present, 92.00% of TENB shares are in the ownership of institutional investors.