Conestoga Capital Advisors LLC Acquires 45,350 Shares of N-able, Inc. $NABL

Key Points

• Conestoga Capital Advisors LLC increased its stake in N-able, Inc. by 33.5% during Q2 by acquiring 45,350 shares, bringing its total holdings to 180,780 shares valued at $1.46 million.
• Several other large investors also boosted their positions in N-able during the first quarter, with institutional investors now owning 96.35% of the company's stock.
• N-able reported a quarterly EPS of $0.11, exceeding estimates, and its revenue increased by 9.9% year-over-year, highlighting growth despite a higher PE ratio of 380.44.

Conestoga Capital Advisors LLC boosted its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 33.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,780 shares of the company's stock after acquiring an additional 45,350 shares during the quarter. Conestoga Capital Advisors LLC owned 0.10% of N-able worth $1,464,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NABL. Sunriver Management LLC lifted its position in N-able by 28.6% in the 1st quarter. Sunriver Management LLC now owns 4,580,663 shares of the company's stock valued at $32,477,000 after acquiring an additional 1,018,361 shares in the last quarter. Trigran Investments Inc. bought a new position in N-able in the 1st quarter valued at about $4,963,000. Invenomic Capital Management LP bought a new position in shares of N-able during the 1st quarter worth approximately $4,192,000. Edgestream Partners L.P. lifted its position in shares of N-able by 89.7% during the 1st quarter. Edgestream Partners L.P. now owns 790,993 shares of the company's stock worth $5,608,000 after buying an additional 373,989 shares in the last quarter. Finally, Crescent Park Management L.P. lifted its position in shares of N-able by 37.2% during the 1st quarter. Crescent Park Management L.P. now owns 1,300,489 shares of the company's stock worth $9,220,000 after buying an additional 352,505 shares in the last quarter. Institutional investors own 96.35% of the company's stock.

Insider Buying and Selling

In related news, EVP Michael I. Adler sold 31,728 shares of N-able 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Johnson sold 34,568 shares of N-able stock in a transaction that occurred on 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 owned 37,424 shares of the company's stock, valued at $288,164.80. This represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Scotiabank reissued 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 raised shares of N-able from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of N-able in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9.31.

N-able Trading Down 0.6%

NYSE:NABL opened at $7.61 on Monday. 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 stock has a market capitalization of $1.42 billion, a PE ratio of 380.44 and a beta of 0.61. The firm's 50 day moving average is $7.91 and its 200 day moving average is $7.74. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $13.04.

N-able (NYSE:NABL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $131.25 million for 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%. N-able's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that N-able, Inc. will post 0.27 earnings per share for the current year.

N-able Company 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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