Algert Global LLC Sells 79,740 Shares of N-able, Inc. $NABL

Key Points

• Algert Global LLC reduced its stake in N-able, Inc. by 71.5%, owning 31,726 shares valued at $225,000 after selling 79,740 shares in the 1st quarter.
• Several institutional investors, including GAMMA Investing LLC and BNP Paribas Financial Markets, made significant changes to their positions in N-able, with GAMMA increasing its stake by 332.7% during the same period.
• N-able's stock has been rated as a "Moderate Buy" with a consensus target price of $9.31, while Wall Street analysts project a fiscal year EPS of $0.27.

Algert Global LLC trimmed its position in N-able, Inc. (NYSE:NABL - Free Report) by 71.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,726 shares of the company's stock after selling 79,740 shares during the period. Algert Global LLC's holdings in N-able were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in N-able during the fourth quarter worth $29,000. Tower Research Capital LLC TRC grew its stake in shares of N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock valued at $30,000 after buying an additional 1,309 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of N-able by 241.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock valued at $30,000 after buying an additional 2,943 shares during the period. Corton Capital Inc. bought a new position in N-able in the 4th quarter valued at about $94,000. Finally, GAMMA Investing LLC lifted its position in N-able by 332.7% in the 1st quarter. GAMMA Investing LLC now owns 10,722 shares of the company's stock valued at $76,000 after acquiring an additional 8,244 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

N-able Stock Performance

Shares of NYSE:NABL traded up $0.07 during mid-day trading on Thursday, reaching $8.05. The company had a trading volume of 525,856 shares, compared to its average volume of 927,620. N-able, Inc. has a one year low of $6.07 and a one year high of $13.15. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 402.50 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41. The company's 50-day moving average price is $7.94 and its 200-day moving average price is $7.84.

N-able (NYSE:NABL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. N-able had a net margin of 0.59% and a return on equity of 4.13%. The business had revenue of $131.25 million during the quarter, compared to analyst estimates of $125.87 million. During the same period in the previous year, the business earned $0.14 EPS. N-able's revenue was up 9.9% compared to the same quarter last year. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NABL. Scotiabank reaffirmed a "sector perform" rating and issued a $8.75 price target (up previously from $8.30) on shares of N-able in a research report on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of N-able in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of N-able from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.31.

Insiders Place Their Bets

In related news, EVP Michael I. Adler sold 31,728 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total value of $244,940.16. Following the completion of the transaction, the executive vice president directly owned 468,555 shares in the company, valued at approximately $3,617,244.60. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Johnson sold 34,568 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.70, for a total transaction of $266,173.60. Following the completion of the transaction, the director owned 37,424 shares of the company's stock, valued at $288,164.80. This trade represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

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.