The Vanguard Group, Inc. has recently announced that it has increased stake in Tenable Holdings Inc. (NASDAQ:TENB) by 1.10%. After grabbing 11.13 million shares, the institutional investor is now in possession of 0.12 million shares of the Technology Company. The new investment brought the stake of investor firm to 9.79% having worth around $411.72 million. Moreover, BlackRock Fund Advisors increased its share by 85110.0 to have a control over 7.74 million shares. And RGM Capital LLC raised its holdings to 35068.0 shares by acquiring 3.57 million shares or 3.14% of the stake.
Tenable Holdings Inc. (TENB) concluded trading on 05/24/23 at a closing price of $38.45, with 1.01 million shares of worth about $38.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.32% during that period and on Wednesday the price saw a gain of about 2.81%. Currently the company’s common shares owned by public are about 113.79M shares, out of which, 110.76M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the TENB stock and their offered price forecasts bring an average price target of $47.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $55.00 and could fall to a lowest price of $42.00. The stock’s current price level is 18.81% above of average price target set by the analysts, while a rise to estimated low would result in gain of 8.45% for the stock. However, touching the estimated high of $55.00 would mean a gain of 30.09% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 97 times over the past 12 months. They bought 451,749 shares in 48 of the transactions. In 49 selling transactions, insiders dumped 252,657 shares.
Vanguard Total Stock Market ETF, First Trust NASDAQ Cybersecurity, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Tenable Holdings Inc. Vanguard Total Stock Market ETF is currently holding 3.51 million shares of worth totaling $129.89 million. The company recently came buying 21797.0 shares which brought its stake up to 3.09% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after selling 2.96 million shares, have now control over 2.60% of the stake in the company. It holds 726.0 shares of worth $109.41 million.
Tenable Holdings Inc. (NASDAQ: TENB) started trading at $36.96, below -$0.44 from concluding price of the previous day. However, the stock later moved at a day high price of 38.78, or with a gain of 2.81%. Stock saw a price change of 0.60% in past 5 days and over the past one month there was a price change of 4.74%. Year-to-date (YTD), TENB shares are showing a performance of 0.79% which decreased to -21.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.80 but also hit the highest price of $53.75 during that period. The average intraday trading volume for Tenable Holdings Inc. shares is 947.73K. The stock is currently trading 3.47% above its 20-day simple moving average (SMA20), while that difference is down -8.44% for SMA50 and it goes to -3.38% lower than SMA200.
The Vanguard Group, Inc. acquired 11.13 million shares of Tenable Holdings Inc. having value of about $411.72 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.12 million shares in the company valued at close to $4670598.4, or have control over 1.10% stake in the company. Tenable Holdings Inc. (NASDAQ: TENB) currently have 113.79M outstanding shares and institutions hold larger chunk of about 91.50% of that. Holding of mutual funds in the company is about 36.13% while other institutional holders and individual stake holders have control over 55.53% and 20.34% of the stake respectively.
The stock has a current market capitalization of $4.29B and its 3Y-monthly beta is at 1.23. It has posted earnings per share of -$0.83 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 1.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TENB, volatility over the week remained 4.58% while standing at 3.38% over the month.
Analysts are in expectations that Tenable Holdings Inc. (TENB) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -88.80% while it is estimated to increase by 31.25% in next year. EPS is likely to grow at an annualized rate of 41.90% for next 5-years, compared to annual growth of -5.10% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the Tenable Holdings Inc. (TENB)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 17 Wall Street analysts, 10 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
