A new trading day began on Tuesday, with Tenable Holdings Inc (NASDAQ: TENB) stock price up 2.83% from the previous day of trading, before settling in for the closing price of $40.65. TENB’s price has ranged from $33.85 to $53.50 over the past 52 weeks.
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Annual sales at Technology sector company grew by 24.57% over the past five years. Meanwhile, its annual earnings per share averaged 47.41%. With a float of $117.05 million, this company’s outstanding shares have now reached $117.15 million.
Let’s look at the performance matrix of the company that is accounted for 1999 employees. In terms of profitability, gross margin is 77.98%, operating margin of -2.79%, and the pretax margin is -6.59%.
Tenable Holdings Inc (TENB) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Tenable Holdings Inc is 1.73%, while institutional ownership is 91.43%. The most recent insider transaction that took place on Aug 26 ’24, was worth 236,848. In this transaction President, CEO and Chairman of this company sold 5,673 shares at a rate of $41.75, taking the stock ownership to the 39,309 shares. Before that another transaction happened on Aug 26 ’24, when Company’s Chief Financial Officer sold 3,413 for $41.75, making the entire transaction worth $142,493. This insider now owns 278,493 shares in total.
Tenable Holdings Inc (TENB) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 47.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% during the next five years compared to 13.22% growth over the previous five years of trading.
Tenable Holdings Inc (NASDAQ: TENB) Trading Performance Indicators
Here are Tenable Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.84. Likewise, its price to free cash flow for the trailing twelve months is 32.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.39 in one year’s time.
Technical Analysis of Tenable Holdings Inc (TENB)
Tenable Holdings Inc (NASDAQ: TENB) saw its 5-day average volume 0.93 million, a positive change from its year-to-date volume of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 35.97%. Additionally, its Average True Range was 1.07.
During the past 100 days, Tenable Holdings Inc’s (TENB) raw stochastic average was set at 47.02%, which indicates a significant decrease from 50.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.99% in the past 14 days, which was lower than the 32.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.84, while its 200-day Moving Average is $44.07. Nevertheless, the first resistance level for the watch stands at $42.32 in the near term. At $42.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $43.81. If the price goes on to break the first support level at $40.83, it is likely to go to the next support level at $39.85. Assuming the price breaks the second support level, the third support level stands at $39.34.
Tenable Holdings Inc (NASDAQ: TENB) Key Stats
With a market capitalization of 4.98 billion, the company has a total of 119,110K Shares Outstanding. Currently, annual sales are 798,710 K while annual income is -78,280 K. The company’s previous quarter sales were 221,240 K while its latest quarter income was -14,570 K.
