A Stock With Stellar Fundamentals? Tenable Holdings Inc (NASDAQ:TENB): Is It Right For You?

In yesterday’s Wall Street session, Tenable Holdings Inc (NASDAQ:TENB) shares traded at $42.48, down -7.49% from the previous session.

TENB stock price is now -0.14% away from the 50-day moving average and -4.41% away from the 200-day moving average. The market capitalization of the company currently stands at $5.05B.

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With the price target reduced from $56 to $40, DA Davidson Downgraded its rating from Buy to Neutral for Tenable Holdings Inc (NASDAQ: TENB). On July 15, 2024, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $55, while ‘Scotiabank’ rates the stock as ‘Sector Perform’

In other news, AMIT YORAN, Director bought 70,000 shares of the company’s stock on Jul 30 ’24. The stock was bought for $3,019,800 at an average price of $43.14. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, Officer Thurmond Mark C. bought 4,700 shares of the business’s stock. A total of $230,329 was incurred on buying the stock at an average price of $49.01. A total of 1.70% of the company’s stock is owned by insiders.

During the past 12 months, Tenable Holdings Inc has had a low of $33.85 and a high of $53.50. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.16, and a quick ratio of 1.16. The fifty day moving average price for TENB is $42.5092 and a two-hundred day moving average price translates $44.4364 for the stock.

The latest earnings results from Tenable Holdings Inc (NASDAQ: TENB) was released for 2024-06-30. The net profit margin was -8.18% and return on equity was -20.77% for TENB. The company reported revenue of $215.96 million for the quarter, compared to $188.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.36 percent.

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