Tenable (NASDAQ:TENB) Upgraded by Wedbush to “Strong Sell” Rating

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

TENB has been the subject of several other reports. Wells Fargo & Company reduced their price objective on Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Barclays dropped their price objective on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. TD Cowen lifted their target price on shares of Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald lifted their price objective on shares of Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.68.

Tenable Stock Performance

Shares of TENB stock opened at $30.11 on Thursday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 602.32 and a beta of 0.96. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The firm’s 50-day simple moving average is $35.88 and its two-hundred day simple moving average is $27.42.

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

Institutional Investors Weigh In On Tenable

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Tenable during the 2nd quarter valued at about $498,387,000. Ameriprise Financial Inc. raised its stake in Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares in the last quarter. California State Teachers Retirement System raised its stake in Tenable by 3,258.3% in the second quarter. California State Teachers Retirement System now owns 4,807,898 shares of the company’s stock valued at $177,315,000 after purchasing an additional 4,664,733 shares in the last quarter. First Trust Advisors LP lifted its position in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Tenable by 175.1% during the first 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 during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable News Summary

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

About Tenable

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.