N-able, Inc. $NABL is Applied Fundamental Research LLC's 8th Largest Position

Key Points

• Applied Fundamental Research LLC has reduced its stake in N-able, Inc. by 3.2%, currently holding 1,048,374 shares, making it the 8th largest position in their portfolio.
• Multiple hedge funds have significantly increased their holdings in N-able, with Parallel Advisors LLC growing its stake by 1,030.5% in the second quarter, now owning 3,516 shares.
• N-able’s stock is trading at $7.63 with a 52-week low of $6.07 and a high of $13.04, and it reported better-than-expected quarterly earnings with revenue up 9.9% year-over-year.

Applied Fundamental Research LLC cut its stake in N-able, Inc. (NYSE:NABL - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,048,374 shares of the company's stock after selling 34,659 shares during the quarter. N-able comprises about 7.5% of Applied Fundamental Research LLC's holdings, making the stock its 8th largest position. Applied Fundamental Research LLC owned 0.55% of N-able worth $8,492,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in N-able by 1,030.5% during the 2nd quarter. Parallel Advisors LLC now owns 3,516 shares of the company's stock valued at $28,000 after buying an additional 3,205 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in N-able by 241.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock valued at $30,000 after acquiring an additional 2,943 shares in the last quarter. Signaturefd LLC grew its stake in N-able by 1,410.3% during the second quarter. Signaturefd LLC now owns 6,615 shares of the company's stock valued at $54,000 after acquiring an additional 6,177 shares in the last quarter. Ieq Capital LLC purchased a new position in N-able during the first quarter valued at approximately $72,000. Finally, GAMMA Investing LLC grew its stake in N-able by 332.7% during the first quarter. GAMMA Investing LLC now owns 10,722 shares of the company's stock valued at $76,000 after acquiring an additional 8,244 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NABL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of N-able from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Scotiabank restated a "sector perform" rating and set a $8.75 target price (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of N-able in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, N-able has a consensus rating of "Hold" and an average price target of $9.31.

Insider Activity at N-able

In other news, Director Ann Johnson sold 34,568 shares of the company's stock in a transaction 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 approximately $288,164.80. This represents a 48.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael I. Adler sold 31,728 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were 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 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. 1.50% of the stock is owned by corporate insiders.

N-able Stock Down 0.7%

Shares of NYSE:NABL opened at $7.63 on Wednesday. N-able, Inc. has a 52-week low of $6.07 and a 52-week high of $13.04. The firm has a fifty day moving average of $7.93 and a 200 day moving average of $7.72. The firm has a market capitalization of $1.43 billion, a PE ratio of 381.89 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business earned $0.14 EPS. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.

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