Wells Fargo & Company Lowers Tenable (NASDAQ:TENB) Price Target to $35.00

Tenable (NASDAQ:TENB) had its price target cut by analysts at Wells Fargo & Company from $43.00 to $35.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 13.16% from the stock’s previous close.

A number of other brokerages have also recently commented on TENB. UBS Group cut shares of Tenable from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Friday, July 24th. Susquehanna lowered their price objective on Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Robert W. Baird set a $34.00 price objective on Tenable in a research note on Thursday, April 30th. Barclays cut their target price on Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, TD Cowen raised their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.53.

Tenable Trading Down 1.8%

Shares of NASDAQ TENB traded down $0.55 during midday trading on Thursday, reaching $30.93. The stock had a trading volume of 2,589,251 shares, compared to its average volume of 3,243,051. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -308.80 and a beta of 0.93. Tenable has a twelve month low of $15.73 and a twelve month high of $43.67. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50 day moving average price is $31.81 and its 200 day moving average price is $24.49.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. 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, sell-side analysts expect that Tenable will post 0.49 EPS for the current year.

Institutional Investors Weigh In On Tenable

A number of large investors have recently bought and sold shares of TENB. Arrowstreet Capital Limited Partnership increased its stake in Tenable by 175.1% in 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 in the last quarter. UBS Group AG boosted its position in shares of Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. Norges Bank bought a new position in shares of Tenable during the 4th quarter worth about $44,542,000. SEB Asset Management AB acquired a new stake in shares of Tenable in the 1st quarter valued at about $18,935,000. Finally, First Trust Advisors LP grew its stake in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after buying an additional 1,023,671 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates: Tenable reported adjusted earnings of $0.51 per share, versus the $0.47 consensus estimate, while revenue rose 8.6% year over year to $268.5 million, exceeding expectations of $264.9 million. EPS also increased from $0.34 in the prior-year quarter. Tenable Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash flow improved: The company posted a 24.7% non-GAAP operating margin, up 540 basis points year over year, and generated $44.7 million in operating cash flow and $45.3 million in unlevered free cash flow. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Guidance exceeded EPS expectations: Tenable forecast third-quarter 2026 EPS of $0.49–$0.52, well above the $0.42 consensus, and raised or reaffirmed full-year EPS guidance of $1.95–$2.00 versus analyst expectations of $1.66. Revenue guidance was broadly in line with estimates.
• Positive Sentiment: Analyst upgraded its valuation outlook: Needham raised its price target from $30 to $36 and assigned a “Buy” rating, implying approximately 14.4% upside from the referenced price. Needham Raises Tenable Price Target
• Positive Sentiment: AI product launch adds a growth catalyst: Tenable introduced Always On Hexa AI, an autonomous exposure-remediation offering designed to identify and address security risks continuously. Tenable Launches Always On Hexa AI
• Negative Sentiment: Analyst caution remains: Wells Fargo maintained a “Hold” view, potentially limiting enthusiasm despite the earnings beat and Needham’s bullish revision. Wells Fargo Gives Tenable a Hold Rating

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.