Nuveen LLC Takes $1.51 Million Position in N-able, Inc. $NABL

Key Points

• Nuveen LLC has made a new investment of approximately $1.51 million in N-able, Inc. by acquiring 212,729 shares, representing about 0.11% ownership in the company.
• Insider trades have been significant, with Director Ann Johnson and EVP Michael I. Adler selling large amounts of N-able stock, reducing their respective positions by 48.02% and 6.34%.
• Analysts currently hold a consensus rating of "Moderate Buy" on N-able, with a price target of around $9.31 following recent earnings that exceeded expectations.

Nuveen LLC purchased a new stake in shares of N-able, Inc. (NYSE:NABL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 212,729 shares of the company's stock, valued at approximately $1,508,000. Nuveen LLC owned about 0.11% of N-able as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of N-able by 45.2% in the fourth quarter. Wells Fargo & Company MN now owns 36,598 shares of the company's stock valued at $342,000 after buying an additional 11,388 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of N-able by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,529,875 shares of the company's stock valued at $32,969,000 after buying an additional 179,305 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of N-able by 11.6% in the fourth quarter. MetLife Investment Management LLC now owns 47,202 shares of the company's stock valued at $441,000 after buying an additional 4,906 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of N-able by 67.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock valued at $30,000 after buying an additional 1,309 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of N-able by 11.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,764 shares of the company's stock valued at $456,000 after buying an additional 4,821 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other N-able news, Director Ann Johnson sold 34,568 shares of the firm's stock in a transaction on 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 in the company, valued at $288,164.80. This trade represents a 48.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the firm's stock in a transaction 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 in the company, valued at approximately $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 company insiders.

N-able Stock Performance

NYSE:NABL traded down $0.03 during mid-day trading on Thursday, hitting $7.79. 204,203 shares of the stock were exchanged, compared to its average volume of 1,046,352. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 389.44 and a beta of 0.62. The firm's 50-day simple moving average is $7.97 and its 200 day simple moving average is $7.78. 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, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $13.12.

N-able (NYSE:NABL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.11 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 for the quarter, compared to analyst estimates of $125.87 million. During the same quarter last year, the company earned $0.14 EPS. The company's revenue 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, equities analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

NABL has been the subject of a number of recent analyst reports. Wall Street Zen cut N-able from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Scotiabank reaffirmed 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. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $9.31.

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.