Tenable Holdings, Inc. (TENB) Stock: Here’s What’s Happening

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Tenable Holdings, Inc. (TENB) is making a move up in the market in today’s trading session. The stock, focused in the technology industry, is currently priced at $25.97 after climbing 15.94% so far in today’s session. As it relates to tech stocks, there are a number of factors that have the potential to cause gains in the market. One of the most common is news. Here are the most recent trending headlines centered around TENB:

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Oct-30-19 09:00AM Tenable to Participate in Upcoming Investor Conferences
Oct-29-19 05:55PM Tenable (TENB) Reports Q3 Loss, Tops Revenue Estimates
04:05PM Tenable Announces Third Quarter 2019 Financial Results
Oct-09-19 09:00AM Tenable Is Number One in Vulnerability and Security Configuration Coverage
Oct-08-19 04:15PM Tenable Announces Date for its Third Quarter 2019 Earnings Conference Call

Nonetheless, any time investors are making an investing decision, prospective investors should take a look at far more than just news, this is especially the case in the ever changing tech sector. Here’s what’s happening in regard to Tenable Holdings, Inc..

Performance Trends That We’ve Seen From TENB

While a single session gain, like the gain that we’re seeing from Tenable Holdings, Inc. may lead to excitement in some investors, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally smart to dig into trends just a single trading day. In the case of TENB, below are the returns that we’ve seen:

  • Past 7 Days – Over the past five trading sessions, TENB has seen a price change amounting to 1.59%.
  • Monthly – The return from Tenable Holdings, Inc. throughout the last 30 days has been 0.09%.
  • Past Quarter – Over the past three months, the company has produced a return on investment that comes to -10.61%
  • Past Six Months – In the previous six months, we’ve seen a change that amounts to -29.05% from the company.
  • Year To Date – Since the open of this year TENB has resulted in a return on investment of 0.95%.
  • Annually – Lastly, over the last full year, we’ve seen a change in the amount of -19.68% out of TENB. In this period, the stock has sold at a high of -28.38% and a low price of 29.85%.

Key Ratios

Looking at a few key ratios associated with a company can give investors a view of how risky and/or rewarding a an investment option might be. Below are a few of the most important ratios to consider when looking at TENB.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors are expecting that the stock is going to go down. Across the sector, strong technology stocks can come with a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, in regard to Tenable Holdings, Inc., it’s short ratio clocks in at 3.69.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure If a company is able to pay for its debts when they mature based on current assets or quick assets. Because in tech, several companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can be damning. Nonetheless, several better companies in the tech sector do have good quick and current ratios. As it relates to TENB, the quick and current ratios work out to 1.50 and 1.50 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In the case of Tenable Holdings, Inc., that ratio comes in at 1.26.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. In this case, the cash to share value comes to 3.07.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TENB, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions hold 84.90% of Tenable Holdings, Inc.. Nonetheless, it’s important to mention that institutional ownership has seen a move in the amount of 1.76% over the last 3 months.
  • Investors On The Inside – as it relates to insiders, those close to the company currently hold 1.80% of Tenable Holdings, Inc.. Their ownership of the company has changed in the amount of 0 in the past quarter.

How Analysts Feel About Tenable Holdings, Inc.

Although it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their opinions when validating your own due diligence when it comes to making investment decisions in the technology sector. Here are the most recent moves that we’ve seen from analysts as it relates to TENB.

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Oct-30-19 Upgrade JP Morgan Neutral → Overweight $40 → $31
Oct-03-19 Initiated SunTrust Hold
Jul-16-19 Initiated Macquarie Neutral $35
Jun-28-19 Initiated Nomura Neutral
May-23-19 Initiated Cowen Outperform $36

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.39. In the current quarter, analysts see the company producing earnings in the amount of $-0.11. Over the last 5 years, TENB has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -21.10% and revenue has seen movement of 34.30%.

Looking At Share Counts

Traders and investors seem to have an interest in the counts of shares both outstanding and available. With respect to Tenable Holdings, Inc., currently there are 96.87M with a float of 81.74M. These data mean that of the total of 96.87M shares of TENB in existence today, 81.74M are able to trade hands by the public.

I also find it important to take a look at the short percent. Think about it, when a large percentage of the float available for trading is sold short, the overall opinion in the market is that the equity is going to lose value. As far as it relates to TENB, the short percentage of the float totals up to 3.12%. In general, concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have found that a short ratio over 26% is probably going to be a play that comes with hefty risk.

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