JPMorgan Chase & Co. Has $3.60 Million Stock Position in N-able, Inc. (NYSE:NABL)

JPMorgan Chase & Co. boosted its holdings in shares of N-able, Inc. (NYSE:NABL) by 110.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,906 shares of the company’s stock after buying an additional 145,053 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.15% of N-able worth $3,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Scalar Gauge Management LLC bought a new position in shares of N-able during the 2nd quarter worth approximately $10,650,000. Applied Fundamental Research LLC boosted its position in N-able by 438.6% during the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock worth $10,652,000 after purchasing an additional 664,198 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of N-able by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company’s stock valued at $47,427,000 after purchasing an additional 371,013 shares during the last quarter. Sea Cliff Partners Management LP raised its position in shares of N-able by 11.8% in the second quarter. Sea Cliff Partners Management LP now owns 2,146,965 shares of the company’s stock valued at $32,698,000 after purchasing an additional 226,532 shares during the period. Finally, 272 Capital LP acquired a new stake in shares of N-able during the 2nd quarter worth about $2,988,000. Institutional investors own 96.35% of the company’s stock.

N-able Stock Down 0.3 %

NYSE NABL opened at $9.24 on Friday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 46.18 and a beta of 0.41. N-able, Inc. has a 1-year low of $8.91 and a 1-year high of $15.48. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $9.94 and a 200-day moving average of $11.97.

N-able (NYSE:NABL) last released 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. N-able had a return on equity of 6.31% and a net margin of 8.08%. The firm had revenue of $116.40 million during the quarter, compared to the consensus estimate of $114.75 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.