Jane Street Group LLC Has $709,000 Stock Holdings in N-able, Inc. (NYSE:NABL)

Jane Street Group LLC trimmed its position in N-able, Inc. (NYSE:NABL) by 51.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,277 shares of the company’s stock after selling 56,968 shares during the period. Jane Street Group LLC’s holdings in N-able were worth $709,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in N-able by 2.4% during the 3rd quarter. State Street Corp now owns 3,164,709 shares of the company’s stock valued at $41,331,000 after purchasing an additional 75,003 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of N-able by 2.7% during the third quarter. Janus Henderson Group PLC now owns 253,481 shares of the company’s stock worth $3,310,000 after acquiring an additional 6,570 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of N-able by 116.2% in the 3rd quarter. HighTower Advisors LLC now owns 30,644 shares of the company’s stock worth $406,000 after acquiring an additional 16,468 shares during the last quarter. Centiva Capital LP lifted its position in N-able by 22.0% in the 3rd quarter. Centiva Capital LP now owns 56,819 shares of the company’s stock valued at $742,000 after acquiring an additional 10,237 shares in the last quarter. Finally, Atom Investors LP boosted its stake in N-able by 59.2% during the 3rd quarter. Atom Investors LP now owns 156,126 shares of the company’s stock valued at $2,039,000 after purchasing an additional 58,087 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

N-able Price Performance

NYSE:NABL opened at $9.31 on Friday. N-able, Inc. has a 52-week low of $9.11 and a 52-week high of $15.48. The stock has a fifty day moving average of $10.54 and a 200 day moving average of $12.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 46.55 and a beta of 0.38.

N-able (NYSE:NABL) last announced its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business 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% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. On average, research analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NABL shares. Scotiabank upgraded shares of N-able to a “hold” rating in a research note on Friday, December 6th. BMO Capital Markets reduced 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 research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $16.50 price objective on shares of N-able in a research note on Friday, November 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $15.00 target price on shares of N-able in a research note on Thursday, November 21st.

N-able Company 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.