N-able (NYSE:NABL) Director Sells $266,173.60 in Stock

N-able, Inc. (NYSE:NABL) Director Ann Johnson sold 34,568 shares of N-able stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the transaction, the director owned 37,424 shares in the company, valued at $288,164.80. This trade represents a 48.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

N-able Trading Up 4.3%

Shares of NYSE:NABL opened at $7.9720 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 398.80 and a beta of 0.62. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $13.15. The company’s fifty day simple moving average is $7.94 and its 200 day simple moving average is $7.89. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.41.

N-able (NYSE:NABL) last announced its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. N-able had a net margin of 0.59% and a return on equity of 4.13%. The firm had revenue of $131.25 million during the quarter, compared to analyst estimates of $125.87 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On N-able

Hedge funds have recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in N-able in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC lifted its stake in N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company’s stock valued at $30,000 after purchasing an additional 1,309 shares during the last quarter. Parallel Advisors LLC lifted its stake in N-able by 1,030.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock valued at $28,000 after purchasing an additional 3,205 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock valued at $31,000 after purchasing an additional 3,606 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in N-able by 241.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock valued at $30,000 after purchasing an additional 2,943 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NABL has been the topic of a number of recent research reports. Scotiabank reissued a “sector perform” rating and issued a $8.75 target price (up previously from $8.30) on shares of N-able in a research report on Friday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of N-able in a report on Monday, May 5th. Finally, Wall Street Zen downgraded N-able from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, N-able presently has an average rating of “Moderate Buy” and a consensus target price of $9.31.

About N-able

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.