Graham Capital Management L.P. Grows Stake in N-able, Inc. $NABL

Key Points

• Graham Capital Management L.P. increased its holdings in N-able, Inc. by 49.1% in Q1, owning approximately 111,392 shares valued at $790,000.
• N-able reported a quarterly EPS of $0.11, exceeding estimates, with revenue of $131.25 million, a 9.9% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for N-able, with a target price of $9.31.

Graham Capital Management L.P. lifted its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 49.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,392 shares of the company's stock after buying an additional 36,676 shares during the quarter. Graham Capital Management L.P. owned approximately 0.06% of N-able worth $790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in N-able during the 1st quarter valued at $72,000. Keeley Teton Advisors LLC lifted its position in shares of N-able by 100.0% during the first quarter. Keeley Teton Advisors LLC now owns 36,308 shares of the company's stock worth $257,000 after purchasing an additional 18,154 shares during the last quarter. Sunriver Management LLC boosted its stake in shares of N-able by 28.6% during the first quarter. Sunriver Management LLC now owns 4,580,663 shares of the company's stock valued at $32,477,000 after purchasing an additional 1,018,361 shares during the period. Walleye Capital LLC grew its holdings in shares of N-able by 26.3% in the first quarter. Walleye Capital LLC now owns 29,258 shares of the company's stock worth $207,000 after purchasing an additional 6,098 shares during the last quarter. Finally, Crescent Park Management L.P. grew its holdings in shares of N-able by 37.2% in the first quarter. Crescent Park Management L.P. now owns 1,300,489 shares of the company's stock worth $9,220,000 after purchasing an additional 352,505 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Insider Buying and Selling at N-able

In related news, EVP Michael I. Adler sold 31,728 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $7.72, for a total transaction of $244,940.16. Following the completion of the sale, the executive vice president directly owned 468,555 shares in the company, valued at $3,617,244.60. This represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 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 position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

NABL has been the subject of several research reports. Scotiabank reissued a "sector perform" rating and issued a $8.75 price objective (up 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 note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, N-able has an average rating of "Moderate Buy" and a consensus target price of $9.31.

N-able Stock Down 1.9%

NYSE NABL traded down $0.16 during trading on Wednesday, reaching $8.21. 868,690 shares of the company's stock traded hands, compared to its average volume of 719,780. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24. The company's 50 day simple moving average is $7.97 and its two-hundred day simple moving average is $7.72. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $13.12. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 410.46 and a beta of 0.62.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $131.25 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that N-able, Inc. will post 0.27 EPS for the current fiscal 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.