AlphaQuest LLC Sells 94,878 Shares of N-able, Inc. $NABL

Key Points

• AlphaQuest LLC has significantly reduced its holdings in N-able, Inc. by 90.5%, now owning 9,989 shares valued at $71,000 after selling 94,878 shares in the 1st quarter.
• Several institutional investors increased their stakes in N-able, with PNC Financial Services Group raising its position by 241.4% in the same period.
• N-able's stock recently opened at $7.82, has a market capitalization of $1.46 billion, and reported earnings per share of $0.11, exceeding analysts' expectations.

AlphaQuest LLC lowered its position in shares of N-able, Inc. (NYSE:NABL - Free Report) by 90.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,989 shares of the company's stock after selling 94,878 shares during the quarter. AlphaQuest LLC's holdings in N-able were worth $71,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aquatic Capital Management LLC acquired a new position in N-able during the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC lifted its holdings in N-able by 67.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after buying an additional 1,309 shares during the period. PNC Financial Services Group Inc. increased its holdings in N-able by 241.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock worth $30,000 after purchasing an additional 2,943 shares in the last quarter. Corton Capital Inc. bought a new stake in N-able during the 4th quarter valued at $94,000. Finally, GAMMA Investing LLC increased its holdings in N-able by 332.7% during the 1st quarter. GAMMA Investing LLC now owns 10,722 shares of the company's stock worth $76,000 after purchasing an additional 8,244 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at N-able

In other N-able news, Director Ann Johnson sold 34,568 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the sale, the director directly owned 37,424 shares in the company, valued at approximately $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael I. Adler sold 31,728 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 468,555 shares of the company's stock, valued at approximately $3,617,244.60. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

N-able Trading Up 5.4%

Shares of N-able stock traded up $0.43 on Monday, reaching $8.33. The company had a trading volume of 385,913 shares, compared to its average volume of 1,043,381. N-able, Inc. has a 52-week low of $6.07 and a 52-week high of $13.12. The firm's 50 day moving average price is $7.96 and its two-hundred day moving average price is $7.72. The firm has a market cap of $1.56 billion, a PE ratio of 411.91 and a beta of 0.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24.

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

Analyst Upgrades and Downgrades

NABL has been the topic of several recent research reports. Scotiabank restated a "sector perform" rating and set a $8.75 target price (up previously from $8.30) on shares of N-able in a research report on Friday, August 8th. Wall Street Zen upgraded shares of N-able from a "hold" rating to a "buy" rating in a report on Friday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, N-able presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.31.

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.