25,264 Shares in N-able, Inc. (NYSE:NABL) Purchased by MQS Management LLC

MQS Management LLC purchased a new stake in N-able, Inc. (NYSE:NABL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,264 shares of the company’s stock, valued at approximately $330,000.

Several other large investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in N-able by 14.4% during the 3rd quarter. Victory Capital Management Inc. now owns 55,497 shares of the company’s stock worth $725,000 after buying an additional 7,000 shares during the period. Aigen Investment Management LP grew its stake in shares of N-able by 38.4% in the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock valued at $182,000 after acquiring an additional 3,863 shares in the last quarter. Entropy Technologies LP bought a new position in N-able during the third quarter worth about $149,000. Stanley Laman Group Ltd. boosted its holdings in N-able by 52.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 324,864 shares of the company’s stock valued at $4,243,000 after purchasing an additional 112,458 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of N-able by 169.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 135,799 shares of the company’s stock worth $1,774,000 after purchasing an additional 85,326 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

N-able Stock Down 2.0 %

Shares of NYSE NABL opened at $10.81 on Friday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 54.03 and a beta of 0.47. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. N-able, Inc. has a 12 month low of $10.77 and a 12 month high of $15.48. The stock has a 50-day moving average price of $12.43 and a two-hundred day moving average price of $13.15.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $114.75 million. N-able had a return on equity of 6.31% and a net margin of 8.08%. N-able’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. As a group, analysts forecast that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at N-able

In other news, EVP Peter C. Anastos sold 16,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $13.04, for a total transaction of $208,640.00. Following the completion of the transaction, the executive vice president now directly owns 322,774 shares in the company, valued at $4,208,972.96. This trade represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $16.50 price target on shares of N-able in a research report on Monday. BMO Capital Markets cut their target price on N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Friday, November 8th.

N-able Profile

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.