NASDAQ:TENB

Tenable (TENB) Stock Forecast, Price & News

$44.52

+0.38 (+0.86%)

(As of 09/28/2023 ET)

Compare

Today's Range: $43.64
▼
$44.62
50-Day Range: $42.19
▼
$49.20
52-Week Range: $28.80
▼
$49.77

Volume: 436,921 shs
Average Volume: 896,140 shs
Market Capitalization: $5.15 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $52.20

Tenable MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 17.3% Upside
$52.20 Price Target
Short Interest: Healthy
2.53% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.59
Upright™ Environmental Score
News Sentiment: 0.68
Based on 5 Articles This Week
Insider Trading: Selling Shares
$5.28 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.40) to ($0.37) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Computer And Technology Sector

215th out of 601 stocks

Prepackaged Software Industry

62nd out of 210 stocks

3.4

Analyst's Opinion

Consensus Rating
Tenable has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.20, Tenable has a forecasted upside of 17.3% from its current price of $44.52.
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.

4.0

Short Interest

Percentage of Shares Shorted
2.53% 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 3.7, 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 0.34%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Tenable does not currently pay a dividend.
Dividend Growth
Tenable does not have a long track record of dividend growth.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Tenable has received a 53.21% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Cybersecurity management systems", "Cybersecurity assesment software", and "Cybersecurity consulting services" products. See details.
Environmental Sustainability
The Environmental Impact score for Tenable is -0.59.

2.6

News and Social Media Coverage

News Sentiment
Tenable has a news sentiment score of 0.68. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Tenable this week, compared to 3 articles on an average week.
Search Interest
4 people have searched for TENB on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Tenable to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

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 $5,283,448.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of Tenable is held by insiders.
Percentage Held by Institutions
88.13% of the stock of Tenable is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Tenable are expected to grow in the coming year, from ($0.40) to ($0.37) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tenable is -61.83, 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 -61.83, 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 18.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tenable (NASDAQ:TENB) Stock

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution. The company also offers Tenable.ad, a solution to secure Active Directory environments; Tenable.ot, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities; Tenable.sc, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture. In addition, it provides 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.

TENB Price History

30 days | 90 days | 365 days | Advanced Chart

TENB Stock News Headlines

September 24, 2023 | americanbankingnews.com

Amit Yoran Sells 20,000 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

September 19, 2023 | americanbankingnews.com

TD Cowen Begins Coverage on Tenable (NASDAQ:TENB)

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 18, 2023 | msn.com

TD Cowen Initiates Coverage of Tenable Holdings (TENB) with Outperform Recommendation

September 18, 2023 | markets.businessinsider.com

Tenable Holdings (TENB) Initiated with a Buy at TD Cowen

September 11, 2023 | investing.com

Tenable Holdings 'well-positioned for better fundamentals' - JPMorgan

September 11, 2023 | bizjournals.com

Tenable to acquire cloud security company for up to $265 million

September 11, 2023 | msn.com

JP Morgan Upgrades Tenable Holdings (TENB)

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 11, 2023 | finance.yahoo.com

Is Tenable Holdings (TENB) A Hidden Gem? An In-Depth Look at Its Valuation

September 8, 2023 | markets.businessinsider.com

Analyst Expectations for Tenable Holdings's Future

September 8, 2023 | markets.businessinsider.com

Tenable Holdings (TENB) Receives a Buy from Wells Fargo

September 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Appian (APPN) and Tenable Holdings (TENB)

September 7, 2023 | finance.yahoo.com

Tenable Increases Focus on Cloud Security With Agreement to Acquire CNAPP Vendor Ermetic

August 23, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Allegro MicroSystems (ALGM), Tenable Holdings (TENB) and MACOM Technology Solutions Holdings (MTSI)

August 18, 2023 | msn.com

Tenable rises as Stephens starts coverage with overweight rating

August 18, 2023 | markets.businessinsider.com

Tenable Holdings Can Gain From Attractive Growth Setup & Accelerating FCF: Analyst

August 18, 2023 | markets.businessinsider.com

9 Analysts Have This to Say About Tenable Holdings

August 18, 2023 | msn.com

Stephens & Co. Initiates Coverage of Tenable Holdings (TENB) with Overweight Recommendation

August 3, 2023 | seekingalpha.com

Tenable: A Significant Positive Inflection

August 1, 2023 | finance.yahoo.com

This $5 Billion Stock Might Have a $2 Trillion Opportunity. Let Me Explain.

July 28, 2023 | msn.com

Wedbush Maintains Tenable Holdings (TENB) Outperform Recommendation

July 27, 2023 | washingtonpost.com

Tenable: Q2 Earnings Snapshot

July 27, 2023 | msn.com

Tenable Holdings: Upgrading To Buy As Demand Environment Is Normalizing

July 27, 2023 | finanznachrichten.de

Tenable Holdings, Inc.: Tenable Announces Second Quarter 2023 Financial Results

July 27, 2023 | theglobeandmail.com

Tenable (NASDAQ:TENB) Q2: Beats On Revenue, Stock Soars

July 27, 2023 | benzinga.com

Why Tenable Holdings Shares Are Trading Higher Today

See More Headlines

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TENB Company Calendar

Last Earnings: 7/25/2023
Today: 9/28/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:TENB
CUSIP: N/A
CIK: 1660280
Web: www.tenable.com
Phone: (410) 872-0555
Fax: N/A
Employees: 1,900
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $52.20
High Stock Price Forecast: $63.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: +17.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.72)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-92,220,000.00
Net Margins: -10.94%
Pretax Margin: -9.46%
Return on Equity: -23.51%
Return on Assets: -4.71%

Debt

Debt-to-Equity Ratio: 1.15
Current Ratio: 1.56
Quick Ratio: 1.56

Sales & Book Value

Annual Sales: $683.19 million
Price / Sales: 7.51
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.41 per share
Price / Book: 18.41

Miscellaneous

Outstanding Shares: 115,640,000
Free Float: 110,435,000
Market Cap: $5.13 billion
Optionable: Optionable
Beta: 1.24

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Key Executives

Dr. Amit Yoran Ph.D. (Age 52)
Chairman, Pres & CEO
Comp: $984.8k

Mr. John C. Huffard Jr. (Age 55)
Co-Founder & Director
Comp: $35k

Mr. Stephen A. Vintz CPA (Age 54)
Chief Financial Officer
Comp: $796.26k

Mr. Mark Thurmond (Age 53)
Chief Operating Officer
Comp: $792.89k

Ms. Andrea DiMarco
Head of Investor Relations

Ms. Michelle VonderHaar
Chief Legal Officer & Corp. Sec.

Ms. Michela Stribling
Chief Communications Officer

Mr. C. Matthew Olton (Age 57)
Sr. VP of Corp. Devel. & Strategy

Mr. Thomas David Feringa (Age 61)
Sr. VP of Worldwide Sales

Mr. Brian Goldfarb
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TENB Stock - Frequently Asked Questions

Should I buy or sell Tenable stock right now?: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tenable in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TENB shares.
View TENB analyst ratings or view top-rated stocks.
What is Tenable's stock price forecast for 2023?: 15 analysts have issued twelve-month price objectives for Tenable's shares. Their TENB share price forecasts range from $32.00 to $63.00. On average, they predict the company's share price to reach $52.20 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for TENB or view top-rated stocks among Wall Street analysts.
How have TENB shares performed in 2023?: Tenable's stock was trading at $38.15 on January 1st, 2023. Since then, TENB shares have increased by 16.3% and is now trading at $44.36.
View the best growth stocks for 2023 here.
When is Tenable's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our TENB earnings forecast.
How were Tenable's earnings last quarter?: Tenable Holdings, Inc. (NASDAQ:TENB) issued its earnings results on Tuesday, July, 25th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. The firm earned $195.04 million during the quarter, compared to analyst estimates of $190.24 million. Tenable had a negative net margin of 10.94% and a negative trailing twelve-month return on equity of 23.51%.
What ETFs hold Tenable's stock?: ETFs with the largest weight of Tenable (NASDAQ:TENB) stock in their portfolio include Global X Cybersecurity ETF (BUG), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), Invesco Next Gen Connectivity ETF (PXQ), First Trust NASDAQ Cybersecurity ETF (CIBR), SPDR Kensho Future Security ETF (FITE), ETFMG Prime Cyber Security ETF (HACK) and WisdomTree Cloud Computing Fund (WCLD).
What guidance has Tenable issued on next quarter's earnings?: Tenable updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $0.18-$0.19 for the period, compared to the consensus estimate of $0.16. The company issued revenue guidance of $197.00 million-$199.00 million, compared to the consensus revenue estimate of $195.88 million.
What is Amit Yoran's approval rating as Tenable's CEO?: 144 employees have rated Tenable Chief Executive Officer Amit Yoran on Glassdoor.com. Amit Yoran has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Tenable own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tenable investors own include NVIDIA (NVDA), AT&T (T), Tesla (TSLA), Boeing (BA), Salesforce (CRM), Mastercard (MA), Pfizer (PFE), Zscaler (ZS), International Business Machines (IBM) and Qualys (QLYS).
When did Tenable IPO?: (TENB) raised $166 million in an initial public offering on Thursday, July 26th 2018. The company issued 9,200,000 shares at $17.00-$19.00 per share. Morgan Stanley, J.P. Morgan, Allen & Company, Deutsche Bank Securities and Stifel served as the underwriters for the IPO and William Blair and BTIG were co-managers.
What is Tenable's stock symbol?: Tenable trades on the NASDAQ under the ticker symbol "TENB."
Who are Tenable's major shareholders?: Tenable's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.75%), RGM Capital LLC (3.49%), Mackenzie Financial Corp (2.61%), State Street Corp (2.16%), Geode Capital Management LLC (1.98%) and William Blair Investment Management LLC (1.92%). Insiders that own company stock include Amit Yoran, Arthur W Coviello Jr, George Alex Tosheff, Jerry M Kennelly, Kimberly Hammonds, Linda Kay Zecher, Mark C Thurmond, Ping Li, Raymond Jr Vicks, Stephen A Riddick, Stephen A Riddick, Stephen A Vintz and Stephen A Vintz.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Tenable's stock price today?: One share of TENB stock can currently be purchased for approximately $44.36.
How much money does Tenable make?: Tenable (NASDAQ:TENB) has a market capitalization of $5.13 billion and generates $683.19 million in revenue each year. The company earns $-92,220,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis.
How many employees does Tenable have?: The company employs 1,900 workers across the globe.
How can I contact Tenable?: Tenable's mailing address is 7021 COLUMBIA GATEWAY DRIVE SUITE 500, COLUMBIA MD, 21046. The official website for the company is www.tenable.com. The company can be reached via phone at (410) 872-0555 or via email at investors@tenable.com.

This page (NASDAQ:TENB) was last updated on 9/28/2023 by MarketBeat.com Staff

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