How to Buy Tenable Holdings Stock
Tenable Holdings Inc
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.
Tenable Holdings stock last closed at $45.38, down 2.24% from the previous day, and has increased 23.62% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.07 percentage points. Tenable Holdings stock is currently +34.06% from its 52-week low of $33.85, and -15.18% from its 52-week high of $53.50.
There are currently 118.12M shares of TENB outstanding. The market cap of TENB is $5.36B. In the past 24 hours, 570,625 TENB shares were traded.
How to Buy Tenable Holdings Stock
Wondering how to invest in Tenable Holdings stock? Here's how.
- Decide where to buy Tenable Holdings stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Tenable Holdings stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your details.
- Evaluate Tenable Holdings stock: The Tenable Holdings ticker symbol is TENB. Is Tenable Holdings stock a good investment? Should you buy shares of TENB? How do TENB's underlying business fundamentals look? Do top analysts think Tenable Holdings is a good buy? Why has TENB's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if TENB is a good stock to buy).
- Execute your TENB purchase: Decide if you will purchase TENB shares at the current market price or use a limit order to purchase TENB shares at a particular price.
- Get key alerts regarding your TENB investment: Create a watchlist to the latest updates on your new investment in Tenable Holdings stock.
Step 1: Decide where to buy Tenable Holdings stock
You need a brokerage account to access the NASDAQ market and buy TENB shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can invest in TENB today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Watch the video below if you need help transferring money into your new investment account.
Step 4: Evaluate Tenable Holdings stock
After you have figured out the best place to buy Tenable Holdings stock, it's very important to evaluate their stock prior to investing, so you can understand the risk and opportunity.
Tenable Holdings shares quick numbers
Fundamentals of Tenable Holdings
WallStreetZen was created to help everyday investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on TENB's stock page.
Is TENB stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge TENB's fair value.
Using relative valuations measures:
- TENB may be overvalued based on its P/B ratio of 15.48x, relative to Software - Infrastructure industry P/B ratio of 11.14x
You can access additional valuation analysis on TENB's stock here.
A look at TENB Cashflows and Balance Sheet
Signs that TENB is financially healthy:
- TENB's operating cash flow of $149.86M allows it to safely service it's debt of $413.31M.
- TENB profit margin has gone up from -13.5% to -9.8% in the past year.
- There are more short-term assets than short-term liabilities on the TENB balance sheet.
- There are more short-term assets than long-term liabilities on the TENB balance sheet.
Signs that TENB is not financially healthy:
- TENB earnings of -$36.06M is not sufficient to cover its interest payments.
- TENB has a relatively high debt to equity ratio of 3.64.
- Total TENB debt is higher than 5 years ago, relative to shareholder equity.
Is TENB stock a Buy, Hold, or Sell, according to analysts?
Out of 9 Wall Street analysts who track TENB, the consensus analyst rating on Tenable Holdings is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent TENB Analyst Upgrades/Downgrades
Brian Colley, a top 10% analyst from Stephens & Co. maintains TENB with a strong buy rating and raises their TENB price target from $60.00 to $62.00, on Feb 7, 2024.
Stephens & Co.'s Brian Colley raised their price target on Tenable Holdings (NASDAQ: TENB) by 3.3% from $60 to $62 on 2024/02/07. The analyst maintained their Strong Buy rating on the stock.
Results were "solid," beating expectations across all metrics, the analyst said, reporting their findings on Tenable Holdings' Q4 and FY 2023 earnings report, released on 2024/02/05.
The stock's currently "attractive" risk/reward is getting even better thanks to management's "de-risked guidance," which will increase momentum across several areas of the business, and expand Tenable One adoption, Colley said.
Earnings Report
Tenable Holdings reported:
For Q4 2023:
- EPS of $0.25, which beat the Zacks Consensus Estimate of $0.14, and, by 108%, Q4 2022’s $0.12.
- Revenue of $213.31M, which beat the Zacks Consensus Estimate of $207M and, by 15.5%, Q4 2022’s $184.63M.
For FY 2023:
- EPS of $0.80, which beat FY 2022’s $0.38 by 110%.
- Revenue of $798.7M, which beat FY 2022’s $683.19M by 17%.
Management guided:
For Q1 2024:
- EPS of $0.16 to $0.18.
- Revenue of $212M to $214M.
For FY 2024:
- EPS of $1.03 to $1.10.
- Revenue of $895M to $905M.
Chairman & CEO Amit Yoran commented: “We delivered a strong Q4, including better-than-expected results on the top and bottom line.
“Underpinning our results was strength in Tenable One, driven by strong adoption of cloud and identity, as well as continued traction in OT.
“We are optimizing the business as we leverage the investments we have made to broaden our offerings and bring greater value to our customers.”
Casey Ryan, a top 40% analyst from WestPark Capital upgrades TENB to a strong buy rating and announces their TENB price target of $65.00, on Jan 12, 2024.
Hamza Fodderwala, a top 18% analyst from Morgan Stanley upgrades TENB to a strong buy rating and raises their TENB price target from $46.00 to $60.00, on Jan 9, 2024.
Rob Owens, a top 1% analyst from Piper Sandler maintains TENB with a strong buy rating and lowers their TENB price target from $55.00 to $50.00, on Nov 2, 2023.
Saket Kalia, a top 4% analyst from Barclays maintains TENB with a hold rating and lowers their TENB price target from $47.00 to $41.00, on Nov 2, 2023.
You can dig deeper into what analysts are saying on the Tenable Holdings stock forecast page.
Metrics for Advanced TENB Traders
TENB Revenue
Last year, TENB revenue was $798.71M. During the past five year, TENB's revenue has grown by 24.47% per year. This was faster than the Software - Infrastructure industry average of 17.26%.
Find out more about TENB's earnings and revenue performance here.
Latest Insiders Trades at TENB
Over the last year, executives and large shareholders at TENB have sold more shares than they have bought.
Stephen A. Vintz, Chief Financial Officer of TENB, was the latest TENB insider to sell. They sold $85,153.00 worth of TENB shares on Mar 28, 2024.
Research more about who owns TENB stock here.
Can I rely on TENB as an income stream?
No, Tenable Holdings doesn't provide an income stream by paying out dividends.
TENB Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your TENB purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Click the Open button and eToro will execute the order.
If you require additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your TENB investment
Now that you own some shares in TENB, you'll want to keep up with your new investment.
Add TENB to a watchlist to keep tabs on your TENB stock.
TENB Feed
How to Buy Stock in Tenable Holdings
To summarize, here are the 6 steps to buy Tenable Holdings stock:
- Decide where to buy Tenable Holdings stock
- Open your brokerage account
- Deposit funds into your investment account
- Evaluate Tenable Holdings stock
- Execute your TENB purchase
- Get key alerts regarding your TENB investment
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Tenable Holdings, add TENB to your watchlist by clicking the button below.
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