Barclays PLC Has $1.87 Million Position in N-able, Inc. (NYSE:NABL)

Barclays PLC lifted its stake in shares of N-able, Inc. (NYSE:NABLFree Report) by 398.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 143,095 shares of the company’s stock after buying an additional 114,374 shares during the quarter. Barclays PLC owned about 0.08% of N-able worth $1,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NABL. Verition Fund Management LLC bought a new position in N-able in the 3rd quarter valued at about $146,000. Entropy Technologies LP bought a new position in shares of N-able during the third quarter worth approximately $149,000. Aigen Investment Management LP lifted its holdings in N-able by 38.4% during the 3rd quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock worth $182,000 after purchasing an additional 3,863 shares during the last quarter. Intech Investment Management LLC bought a new stake in N-able in the 3rd quarter valued at $188,000. Finally, Handelsbanken Fonder AB acquired a new position in N-able in the 3rd quarter valued at $221,000. Institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NABL. Scotiabank raised N-able to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets cut their price objective on shares of N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $15.00 price target on shares of N-able in a research report on Thursday, November 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.50 price target on shares of N-able in a research report on Friday, November 22nd.

View Our Latest Analysis on N-able

N-able Trading Down 0.5 %

Shares of N-able stock opened at $9.60 on Friday. The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $12.58. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 48.00 and a beta of 0.38. 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, Inc. has a 12-month low of $9.47 and a 12-month high of $15.48.

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

N-able Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for N-able (NYSE:NABL)

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