Crescent Park Management L.P. Has $9.22 Million Stake in N-able, Inc. $NABL

Key Points

• Crescent Park Management L.P. increased its stake in N-able, Inc. by 37.2%, owning approximately 1,300,489 shares, making it the fund's 12th largest position.
• Multiple institutional investors have modified their holdings recently, with notable increases from PNC Financial Services Group Inc. and GAMMA Investing LLC, reflecting growing interest in N-able.
• Wall Street analysts have mixed ratings on N-able, with a consensus price target of $9.31 and varying recommendations across different firms.

Crescent Park Management L.P. grew its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 37.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,300,489 shares of the company's stock after acquiring an additional 352,505 shares during the period. N-able accounts for approximately 4.3% of Crescent Park Management L.P.'s holdings, making the stock its 12th largest position. Crescent Park Management L.P. owned about 0.69% of N-able worth $9,220,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NABL. Trigran Investments Inc. acquired a new stake in N-able in the 1st quarter worth approximately $4,963,000. HighTower Advisors LLC raised its position in shares of N-able by 47.5% in the first quarter. HighTower Advisors LLC now owns 43,912 shares of the company's stock valued at $311,000 after purchasing an additional 14,137 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of N-able by 27.0% in the first quarter. Public Sector Pension Investment Board now owns 223,833 shares of the company's stock worth $1,587,000 after buying an additional 47,527 shares during the last quarter. Nuveen LLC bought a new stake in shares of N-able during the 1st quarter worth $1,508,000. Finally, Invesco Ltd. boosted its holdings in shares of N-able by 9.9% during the 1st quarter. Invesco Ltd. now owns 531,722 shares of the company's stock worth $3,770,000 after buying an additional 48,059 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.

Insider Buying and Selling at N-able

In other news, Director Ann Johnson sold 34,568 shares of N-able 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 $3,617,244.60. This trade represents 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.

Analyst Ratings Changes

NABL has been the subject of a number of research analyst reports. 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 lowered N-able from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of N-able in a research note on Monday, May 5th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $9.31.

N-able Stock Performance

Shares of NYSE NABL traded up $0.18 during mid-day trading on Wednesday, hitting $7.98. The company had a trading volume of 524,771 shares, compared to its average volume of 1,059,734. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $13.15. The firm has a market cap of $1.49 billion, a P/E ratio of 398.95 and a beta of 0.62. The business's 50-day simple moving average is $7.93 and its 200-day simple moving average is $7.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24.

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, beating the consensus estimate of $0.09 by $0.02. N-able had a return on equity of 4.13% and a net margin of 0.59%.The firm had revenue of $131.25 million during the quarter, compared to analysts' expectations of $125.87 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The company'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. As a group, analysts predict that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

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.