Tenable (TENB) Stock Price, News & Analysis

Company Overview

Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities. The company also offers Nessus, a vulnerability assessment solution for cybersecurity industry and enterprise platform; and Nessus Expert, that enables users to programmatically detect cloud infrastructure misconfigurations and vulnerabilities in the design and build phase. Tenable Holdings, Inc. was founded in 2002 and is headquartered in Columbia, Maryland.

Key Stats

• Today's Range: $40.44 to $41.05
• 50-Day Range: $38.71 to $43.44
• 52-Week Range: $35.25 to $53.50
• Volume: 519,864 shs
• Average Volume: 922,513 shs
• Market Capitalization: $4.89 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $50.63
• Consensus Rating: Moderate Buy

Tenable Stock Analysis - MarketRank™

Tenable scored higher than 90% of companies evaluated by MarketBeat, and ranked 93rd out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tenable has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tenable has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Tenable are expected to grow in the coming year, from ($0.02) to $0.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tenable is -79.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tenable is -79.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Tenable has a P/B Ratio of 13.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.89% of the outstanding shares of Tenable have been sold short.

Short Interest Ratio / Days to Cover

Tenable has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenable has recently decreased by 9.64%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tenable does not currently pay a dividend.

Dividend Growth

Tenable does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.9 / 5
• Environmental Score: -0.59

Percentage of Shares Shorted

2.89% of the outstanding shares of Tenable have been sold short.

Short Interest Ratio / Days to Cover

Tenable has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenable has recently decreased by 9.64%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.81

News Sentiment

Tenable has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Tenable this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for TENB on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Tenable to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Tenable insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $862,879.00 in company stock.

Percentage Held by Insiders

Only 4.30% of the stock of Tenable is held by insiders.

Percentage Held by Institutions

89.06% of the stock of Tenable is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TENB Stock Analysis - Frequently Asked Questions

How have TENB shares performed this year?

Tenable's stock was trading at $46.06 on January 1st, 2024. Since then, TENB shares have decreased by 11.6% and is now trading at $40.72.
View the best growth stocks for 2024 here.

How were Tenable's earnings last quarter?

Tenable Holdings, Inc. (NASDAQ:TENB) posted its quarterly earnings data on Monday, April, 24th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.08. The business's revenue for the quarter was up 18.5% on a year-over-year basis.

When did Tenable IPO?

Tenable (TENB) raised $166 million in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 9,200,000 shares at a price of $17.00-$19.00 per share. Morgan Stanley, J.P. Morgan, Allen & Company, Deutsche Bank Securities and Stifel acted as the underwriters for the IPO and William Blair and BTIG were co-managers.

Who are Tenable's major shareholders?

Top institutional shareholders of Tenable include FMR LLC (12.66%), RGM Capital LLC (2.78%), State Street Corp (2.43%) and Geode Capital Management LLC (2.33%). Insiders that own company stock include Stephen A Vintz, Amit Yoran, Stephen A Riddick, Mark C Thurmond, Arthur W Coviello Jr, Jerry M Kennelly, George Alex Tosheff, Raymond Jr Vicks and Linda Kay Zecher.
View institutional ownership trends.

How do I buy shares of Tenable?

Shares of TENB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tenable own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tenable investors own include Humana (HUM), NVIDIA (NVDA), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), TotalEnergies (TTE) and Meta Platforms (META).

Company Calendar

• Last Earnings: 4/24/2023
• Today: 12/26/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: N/A
• Current Symbol: NASDAQ:TENB
• CUSIP: N/A
• CIK: 1660280
• Web: www.tenable.com
• Phone: (410) 872-0555
• Fax: N/A
• Employees: 1,999
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $50.63
• High Stock Price Target: $65.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +24.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.51)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-78,280,000.00
• Net Margins: -6.82%
• Pretax Margin: -5.14%
• Return on Equity: -6.21%
• Return on Assets: -1.43%

Debt

• Debt-to-Equity Ratio: 0.88
• Current Ratio: 1.28
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $877.60 million
• Price / Sales: 5.56
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.96 per share
• Price / Book: 13.71

Miscellaneous

• Outstanding Shares: 120,135,000
• Free Float: 114,969,000
• Market Cap: $4.88 billion
• Optionable: Optionable
• Beta: 0.83