Tenable (NASDAQ:TENB) Stock Rating Upgraded by Wedbush

Tenable (NASDAQ:TENB) was upgraded by equities researchers at Wedbush to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

TENB has been the topic of several other reports. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective on the stock in a report on Monday, July 6th. Jefferies Financial Group cut their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company decreased their price target on Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Finally, UBS Group dropped their price objective on Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tenable has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Stock Performance

NASDAQ TENB opened at $30.11 on Thursday. The stock has a market cap of $3.32 billion, a PE ratio of 602.32 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable has a twelve month low of $15.73 and a twelve month high of $43.67. The stock has a fifty day simple moving average of $35.88 and a 200-day simple moving average of $27.42.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Equities analysts anticipate that Tenable will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

Large investors have recently added to or reduced their stakes in the business. Firetrail Investments PTY Ltd. acquired a new stake in shares of Tenable in the second quarter valued at $8,389,000. Dimensional Fund Advisors LP grew its stake in Tenable by 231.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock worth $13,827,000 after purchasing an additional 570,760 shares in the last quarter. BlackRock Inc. purchased a new stake in Tenable during the 2nd quarter worth about $498,387,000. Arrowstreet Capital Limited Partnership raised its position in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Tenable by 169.7% in the 1st quarter. Quantinno Capital Management LP now owns 232,512 shares of the company’s stock valued at $3,933,000 after purchasing an additional 146,312 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable News Roundup

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable priced $725 million of 0.25% convertible senior notes due 2031, up from the initially proposed $650 million. The low interest rate limits near-term cash interest expense, while the notes’ initial conversion price of approximately $44.84 per share is well above recent trading levels. Tenable Announces Pricing of Upsized Convertible Senior Notes
• Positive Sentiment: Management expects to use proceeds partly for capped-call transactions, repayment of term loans and a share repurchase of roughly 5.3 million shares for about $170.5 million. These actions could reduce future dilution and lower debt costs, although they do not eliminate investor concerns about leverage. Tenable Proposed Convertible Notes Offering
• Positive Sentiment: Tenable said it ranked first in device vulnerability and exposure management for the eighth consecutive year, citing platform innovation, agentic artificial intelligence and demand for securing AI environments. Tenable Market Leadership Announcement
• Neutral Sentiment: Recent analyst coverage remains mixed in valuation: the reported median price target is $27.50, while individual targets range from $26 to $50. Institutional positioning was also divided, with 177 investors adding shares and 198 reducing positions in the latest quarter.
• Negative Sentiment: The larger-than-expected convertible offering raised concerns about additional leverage and potential future share dilution. Those concerns outweighed the benefits of debt repayment and buybacks, prompting selling as investors reassessed the capital structure. Tenable Prices Convertible Notes

Tenable Company Profile

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company’s product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.