Look For Institutional Buying In Tenable Holdings Inc (NASDAQ: TENB)

Tenable Holdings Inc (TENB) concluded trading on Wednesday at a closing price of $30.57, with 5.18 million shares of worth about $158.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.57% during that period and on April 30, 2025 the price saw a loss of about -9.23%. Currently the company’s common shares owned by public are about 120.20M shares, out of which, 117.96M shares are available for trading.

Stock saw a price change of -3.81% in past 5 days and over the past one month there was a price change of -12.61%. Year-to-date (YTD), TENB shares are showing a performance of -22.37% which decreased to -33.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.99 but also hit the highest price of $49.18 during that period. The average intraday trading volume for Tenable Holdings Inc shares is 1.18 million. The stock is currently trading -5.81% below its 20-day simple moving average (SMA20), while that difference is down -13.13% for SMA50 and it goes to -23.29% lower than SMA200.

Tenable Holdings Inc (NASDAQ: TENB) currently have 120.20M outstanding shares and institutions hold larger chunk of about 91.38% of that.

The stock has a current market capitalization of $3.67B and its 3Y-monthly beta is at 0.82. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 1.09. 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 3.48% while standing at 3.98% over the month.

Stock’s fiscal year EPS is expected to rise by 15.68% while it is estimated to increase by 15.90% in next year. EPS is likely to shrink at an annualized rate of 16.50% for next 5-years, compared to annual growth of 21.59% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on April 01, 2025 offering an Equal-weight rating for the stock and assigned a target price of $42 to it. Coverage by Cantor Fitzgerald stated Tenable Holdings Inc (TENB) stock as an Overweight in their note to investors on March 31, 2025, suggesting a price target of $50 for the stock. On March 18, 2025, Morgan Stanley Resumed their recommendations, while on January 17, 2025, Stifel Downgrade their ratings for the stock with a price target of $45. Stock get an Equal-weight rating from Morgan Stanley on December 02, 2024.

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