196,209 Shares in N-able, Inc. (NYSE:NABL) Purchased by 272 Capital LP

272 Capital LP acquired a new position in shares of N-able, Inc. (NYSE:NABL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 196,209 shares of the company’s stock, valued at approximately $2,988,000. N-able comprises about 1.5% of 272 Capital LP’s portfolio, making the stock its 25th biggest position. 272 Capital LP owned about 0.11% of N-able as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in N-able by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,476,547 shares of the company’s stock valued at $32,814,000 after acquiring an additional 144,098 shares during the last quarter. Norges Bank bought a new position in N-able during the 4th quarter valued at about $8,402,000. Trexquant Investment LP raised its position in N-able by 29.2% in the 4th quarter. Trexquant Investment LP now owns 40,682 shares of the company’s stock worth $539,000 after purchasing an additional 9,202 shares during the period. Quest Partners LLC purchased a new stake in N-able in the 4th quarter worth about $229,000. Finally, Sunriver Management LLC lifted its stake in N-able by 28.7% in the fourth quarter. Sunriver Management LLC now owns 2,847,909 shares of the company’s stock worth $37,735,000 after purchasing an additional 635,200 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Trading Down 0.1 %

NABL stock opened at $12.91 on Tuesday. N-able, Inc. has a 12 month low of $11.50 and a 12 month high of $15.48. The firm’s 50-day moving average is $13.14 and its 200 day moving average is $13.27. The company has a market capitalization of $2.39 billion, a PE ratio of 92.21 and a beta of 0.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.97 and a quick ratio of 2.97.

N-able (NYSE:NABL) last issued its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. N-able had a net margin of 7.19% and a return on equity of 5.67%. The business had revenue of $119.40 million for the quarter, compared to analyst estimates of $116.83 million. During the same period last year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 target price on shares of N-able in a research note on Friday, August 9th.

Insiders Place Their Bets

In other N-able news, EVP Frank Colletti sold 3,333 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $15.24, for a total value of $50,794.92. Following the completion of the sale, the executive vice president now directly owns 453,475 shares in the company, valued at approximately $6,910,959. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other N-able news, EVP Frank Colletti sold 3,333 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $15.24, for a total transaction of $50,794.92. Following the transaction, the executive vice president now owns 453,475 shares of the company’s stock, valued at approximately $6,910,959. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Pagliuca sold 150,956 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the completion of the sale, the chief executive officer now owns 1,465,346 shares of the company’s stock, valued at approximately $18,712,468.42. The disclosure for this sale can be found here. Insiders have sold 216,074 shares of company stock worth $2,803,153 in the last ninety days. 1.43% of the stock is owned by company insiders.

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.