Charles Schwab Investment Management Inc. Purchases 31,311 Shares of N-able, Inc. $NABL

Key Points

• Charles Schwab Investment Management Inc. increased its stake in N-able, Inc. by 5.2%, owning approximately 0.34% of the company, valued at $4.5 million as of the latest SEC filing.
• Several other institutional investors also boosted their holdings, with PNC Financial Services Group increasing its position by 241.4% in the first quarter.
• N-able reported financial results with earnings per share of $0.11, surpassing estimates, and set its FY 2025 guidance, with analysts projecting a consensus price target of $9.31 for the stock.

Charles Schwab Investment Management Inc. grew its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 635,171 shares of the company's stock after buying an additional 31,311 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.34% of N-able worth $4,503,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in shares of N-able during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 1,309 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of N-able by 241.4% during the 1st 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. GAMMA Investing LLC increased its position in shares of 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. Finally, Revisor Wealth Management LLC acquired a new stake in shares of N-able during the 1st quarter worth about $82,000. Institutional investors and hedge funds own 96.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of N-able from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Scotiabank reiterated 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, N-able presently has an average rating of "Moderate Buy" and a consensus target price of $9.31.

N-able Price Performance

NABL traded down $0.18 during midday trading on Wednesday, hitting $7.82. The company had a trading volume of 661,543 shares, compared to its average volume of 787,624. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $1.46 billion, a PE ratio of 390.95 and a beta of 0.62. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $13.12. The firm's 50-day simple moving average is $7.97 and its 200-day simple moving average is $7.78.

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

Insider Activity

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

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.