Public Sector Pension Investment Board Increases Stake in N-able, Inc. $NABL

Key Points

• The Public Sector Pension Investment Board increased its holdings in N-able, Inc. by 27.0% during the first quarter, owning 223,833 shares valued at approximately $1.59 million.
• N-able reported a quarterly revenue of $131.25 million, surpassing analysts' consensus estimates, with a net margin of 0.59% and an earnings per share (EPS) of $0.11.
• Recent analyst ratings indicate a consensus target price of $9.31 for N-able, with three analysts rating the stock as a buy and two as hold.

Public Sector Pension Investment Board lifted its stake in shares of N-able, Inc. (NYSE:NABL - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,833 shares of the company's stock after purchasing an additional 47,527 shares during the period. Public Sector Pension Investment Board owned 0.12% of N-able worth $1,587,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in shares of N-able in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC increased its stake in shares of N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after acquiring an additional 1,309 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of N-able by 241.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock worth $30,000 after acquiring an additional 2,943 shares during the period. Corton Capital Inc. acquired a new position in shares of N-able during the 4th quarter valued at about $94,000. Finally, GAMMA Investing LLC grew its holdings in shares of N-able by 332.7% in the first quarter. GAMMA Investing LLC now owns 10,722 shares of the company's stock valued at $76,000 after purchasing an additional 8,244 shares during the period. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Trading Up 0.6%

NABL stock traded up $0.05 during mid-day trading on Wednesday, hitting $7.85. 51,100 shares of the company were exchanged, compared to its average volume of 1,056,697. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $13.15. The firm has a market capitalization of $1.47 billion, a P/E ratio of 392.50 and a beta of 0.62. The business has a fifty day simple moving average of $7.93 and a 200-day simple moving average of $7.85. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.41.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm 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%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on NABL shares. Wall Street Zen downgraded shares of N-able from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Scotiabank restated a "sector perform" rating and set a $8.75 price target (up previously from $8.30) on shares of N-able in a report on Friday, August 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of N-able in a report on Monday, May 5th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.31.

Insiders Place Their Bets

In related news, Director Ann Johnson sold 34,568 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.70, for a total transaction of $266,173.60. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael I. Adler sold 31,728 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.