N-able, Inc. (NYSE:NABL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in N-able, Inc. (NYSE:NABL) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,276 shares of the company’s stock after selling 3,009 shares during the quarter. Thrivent Financial for Lutherans’ holdings in N-able were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MQS Management LLC purchased a new position in shares of N-able during the 3rd quarter worth about $330,000. Victory Capital Management Inc. boosted its holdings in shares of N-able by 14.4% in the 3rd quarter. Victory Capital Management Inc. now owns 55,497 shares of the company’s stock valued at $725,000 after purchasing an additional 7,000 shares during the last quarter. Aigen Investment Management LP grew its stake in shares of N-able by 38.4% during the 3rd quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock valued at $182,000 after buying an additional 3,863 shares during the period. Entropy Technologies LP acquired a new stake in shares of N-able during the 3rd quarter worth $149,000. Finally, Stanley Laman Group Ltd. raised its position in shares of N-able by 52.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 324,864 shares of the company’s stock worth $4,243,000 after buying an additional 112,458 shares during the period. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Price Performance

Shares of NYSE:NABL opened at $10.19 on Wednesday. The company has a market cap of $1.89 billion, a PE ratio of 50.90 and a beta of 0.38. N-able, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $15.48. The firm has a 50-day simple moving average of $11.87 and a 200 day simple moving average of $12.97. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $116.40 million for the quarter, compared to the consensus estimate of $114.75 million. N-able had a net margin of 8.08% and a return on equity of 6.31%. N-able’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. On average, sell-side analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

NABL has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $16.50 price target on shares of N-able in a research note on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $15.00 target price on shares of N-able in a research note on Thursday, November 21st. Finally, BMO Capital Markets reduced their price target on N-able from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Friday, November 8th.

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.