TENB Stock Summary and Trading Ideas (Tenable Holdings | NASDAQ:TENB)

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

Tenable Holdings trades on the NASDAQ stock market under the symbol TENB.

As of May 6, 2024, TENB stock price climbed to $45.53 with 505,684 million shares trading.

TENB has a beta of 0.84, meaning it tends to be less sensitive to market movements. TENB has a correlation of 0.10 to the broad based SPY ETF.

TENB has a market cap of $5.32 billion. This is considered a Mid Cap stock.

In the last 3 years, TENB stock traded as high as $63.61 and as low as $28.80.

The top ETF exchange traded funds that TENB belongs to (by Net Assets): CIBR, VTI, VB, IWM, VXF.

TENB has outperformed the market in the last year with a return of +31.4%, while the SPY ETF gained +28.3%. However, in the most recent history, TENB shares have underperformed the stock market with its stock returning -4.7% in the last 3 month period and +1.6% for the last 2 week period, while SPY has returned +4.8% and +4.3%, respectively.

TENB support price is $43.60 and resistance is $45.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TENB stock will trade within this expected range on the day.