Kathleen Pai Sells 4,709 Shares of N-able, Inc. (NYSE:NABL) Stock

N-able, Inc. (NYSE:NABL) EVP Kathleen Pai sold 4,709 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $15.04, for a total transaction of $70,823.36. Following the sale, the executive vice president now owns 551,884 shares in the company, valued at approximately $8,300,335.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

N-able Stock Up 0.2 %

NYSE:NABL traded up $0.03 on Wednesday, hitting $14.88. 412,636 shares of the company’s stock traded hands, compared to its average volume of 561,872. The firm has a 50-day moving average price of $13.16 and a 200-day moving average price of $13.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.75 billion, a PE ratio of 106.29 and a beta of 0.43. N-able, Inc. has a 1 year low of $11.50 and a 1 year high of $15.15.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $113.75 million during the quarter, compared to analyst estimates of $111.42 million. N-able had a net margin of 6.27% and a return on equity of 4.38%. Equities analysts anticipate that N-able, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Wednesday, May 29th.

Institutional Trading of N-able

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in N-able by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,504 shares of the company’s stock worth $7,166,000 after purchasing an additional 36,624 shares during the last quarter. Rhumbline Advisers increased its holdings in N-able by 2.1% in the third quarter. Rhumbline Advisers now owns 205,344 shares of the company’s stock worth $2,649,000 after buying an additional 4,130 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in N-able during the third quarter valued at approximately $73,000. Dark Forest Capital Management LP acquired a new stake in N-able in the third quarter valued at approximately $206,000. Finally, MQS Management LLC bought a new stake in N-able in the third quarter worth approximately $178,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

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.