Conestoga Capital Advisors LLC Grows Stock Holdings in N-able, Inc. $NABL

Conestoga Capital Advisors LLC boosted its holdings in N-able, Inc. (NYSE:NABL) by 33.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,780 shares of the company’s stock after buying an additional 45,350 shares during the period. Conestoga Capital Advisors LLC’s holdings in N-able were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC grew its position in shares of N-able by 547.3% during the 2nd quarter. CWM LLC now owns 21,191 shares of the company’s stock valued at $172,000 after purchasing an additional 17,917 shares in the last quarter. Signaturefd LLC grew its position in shares of N-able by 1,410.3% during the 2nd quarter. Signaturefd LLC now owns 6,615 shares of the company’s stock valued at $54,000 after purchasing an additional 6,177 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of N-able by 9.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 42,745 shares of the company’s stock valued at $345,000 after purchasing an additional 3,633 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of N-able during the 2nd quarter valued at $384,000. Finally, Revisor Wealth Management LLC grew its position in shares of N-able by 20.8% during the 2nd quarter. Revisor Wealth Management LLC now owns 13,977 shares of the company’s stock valued at $114,000 after purchasing an additional 2,402 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Stock Performance

NYSE NABL opened at $7.61 on Monday. N-able, Inc. has a 52-week low of $6.07 and a 52-week high of $13.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $1.42 billion, a P/E ratio of 380.44 and a beta of 0.61. The company has a fifty day moving average of $7.91 and a 200-day moving average of $7.74.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) 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 company had revenue of $131.25 million during the quarter, compared to the consensus estimate of $125.87 million. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s revenue 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, equities research analysts predict that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank restated a “sector perform” rating and set a $8.75 price target (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.31.

Insiders Place Their Bets

In other N-able news, Director Ann Johnson sold 34,568 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the completion of the sale, the director directly owned 37,424 shares of the company’s stock, valued at $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $7.72, for a total transaction of $244,940.16. Following the completion of the sale, the executive vice president directly owned 468,555 shares of the company’s stock, valued at $3,617,244.60. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.