Invenomic Capital Management LP Buys Shares of 591,233 N-able, Inc. $NABL

Key Points

• Invenomic Capital Management LP has taken a new position in N-able, Inc. by acquiring 591,233 shares valued at approximately $4.2 million, representing about 0.31% of the company as of the latest reporting period.
• N-able reported $0.11 earnings per share for the last quarter, surpassing consensus estimates, and its revenue increased by 9.9% year-over-year to $131.25 million.
• Analysts have a consensus rating of "Moderate Buy" for N-able, with an average price target of $9.31, as three analysts rated it a Buy and two a Hold.

Invenomic Capital Management LP bought a new position in shares of N-able, Inc. (NYSE:NABL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 591,233 shares of the company's stock, valued at approximately $4,192,000. Invenomic Capital Management LP owned about 0.31% of N-able as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NABL. Sunriver Management LLC increased 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 worth $32,477,000 after buying an additional 1,018,361 shares during the period. Trigran Investments Inc. purchased a new stake in shares of N-able during the first quarter worth approximately $4,963,000. Edgestream Partners L.P. increased its stake in shares of N-able by 89.7% during the first 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 during the period. Crescent Park Management L.P. increased its stake in shares of N-able by 37.2% during the first 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 during the period. Finally, Millennium Management LLC increased its stake in shares of N-able by 48.6% during the fourth quarter. Millennium Management LLC now owns 791,871 shares of the company's stock worth $7,396,000 after buying an additional 258,979 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.

Insider Buying and Selling

In other news, EVP Michael I. Adler sold 31,728 shares of the business'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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Johnson sold 34,568 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the completion of the sale, the director owned 37,424 shares of the company's stock, valued at $288,164.80. This trade represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NABL has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of N-able from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Scotiabank reiterated a "sector perform" rating and issued a $8.75 price target (up from $8.30) on shares of N-able in a research note on Friday, August 8th. 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 Trading Up 2.4%

Shares of N-able stock traded up $0.20 during mid-day trading on Thursday, hitting $8.40. 244,866 shares of the stock were exchanged, compared to its average volume of 1,043,673. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $13.12. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 419.96 and a beta of 0.62. The company has a 50-day simple moving average of $7.97 and a 200 day simple moving average of $7.72. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41.

N-able (NYSE:NABL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $131.25 million during the quarter, compared to analysts' expectations of $125.87 million. N-able had a return on equity of 4.13% and a net margin of 0.59%.The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that N-able, Inc. will post 0.27 EPS for the current 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.