CenterBook Partners LP Buys 90,961 Shares of N-able, Inc. (NYSE:NABL)

CenterBook Partners LP raised its stake in shares of N-able, Inc. (NYSE:NABL - Free Report) by 22.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 505,056 shares of the company's stock after acquiring an additional 90,961 shares during the quarter. CenterBook Partners LP owned approximately 0.27% of N-able worth $3,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NABL. Occudo Quantitative Strategies LP increased its holdings in N-able by 2.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 51,869 shares of the company's stock worth $484,000 after purchasing an additional 1,072 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of N-able by 67.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after purchasing an additional 1,309 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of N-able by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,660 shares of the company's stock worth $380,000 after acquiring an additional 1,541 shares in the last quarter. 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 valued at $30,000 after buying an additional 2,943 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in N-able in the fourth quarter valued at about $29,000. Institutional investors own 96.35% of the company's stock.

N-able Price Performance

Shares of NABL opened at $7.99 on Tuesday. The business has a 50-day moving average of $7.93 and a 200-day moving average of $8.18. N-able, Inc. has a 1 year low of $6.07 and a 1 year high of $14.82. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 88.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.20 and a quick ratio of 1.20.

N-able (NYSE:NABL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. N-able had a return on equity of 5.20% and a net margin of 3.47%. The company had revenue of $118.20 million for the quarter, compared to analysts' expectations of $115.65 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. N-able's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that N-able, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of N-able in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.38.

N-able 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.

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