Mackenzie Financial Corp Raises Stock Holdings in N-able, Inc. (NYSE:NABL)

Mackenzie Financial Corp raised its stake in shares of N-able, Inc. (NYSE:NABL) by 2.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,497 shares of the company’s stock after acquiring an additional 866 shares during the period. Mackenzie Financial Corp’s holdings in N-able were worth $617,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NABL. The Manufacturers Life Insurance Company boosted its stake in shares of N-able by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,369 shares of the company’s stock worth $645,000 after buying an additional 3,662 shares during the last quarter. Squarepoint Ops LLC bought a new position in N-able in the second quarter valued at about $1,361,000. Cubist Systematic Strategies LLC boosted its position in N-able by 365.0% in the second quarter. Cubist Systematic Strategies LLC now owns 232,927 shares of the company’s stock worth $3,547,000 after purchasing an additional 182,832 shares during the last quarter. Scalar Gauge Management LLC purchased a new stake in shares of N-able during the 2nd quarter valued at about $10,650,000. Finally, 272 Capital LP bought a new position in shares of N-able in the 2nd quarter worth approximately $2,988,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Stock Up 1.8 %

NYSE NABL opened at $12.63 on Friday. N-able, Inc. has a 52 week low of $11.50 and a 52 week high of $15.48. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.33 billion, a P/E ratio of 90.21 and a beta of 0.45. The stock’s 50-day moving average price is $12.89 and its 200-day moving average price is $13.25.

N-able (NYSE:NABL) last released 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. The company had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $116.83 million. N-able had a net margin of 7.19% and a return on equity of 5.67%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. On average, equities research analysts predict that N-able, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO John Pagliuca sold 150,956 shares of the stock in a transaction dated Monday, August 12th. The stock was 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 in the company, valued at approximately $18,712,468.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO John Pagliuca sold 150,956 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.77, for a total value of $1,927,708.12. Following the transaction, the chief executive officer now owns 1,465,346 shares of the company’s stock, valued at approximately $18,712,468.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Johnson sold 21,200 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.79, for a total transaction of $271,148.00. Following the transaction, the director now directly owns 48,797 shares of the company’s stock, valued at $624,113.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 199,351 shares of company stock worth $2,551,240 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.

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.