N-able, Inc. $NABL Holdings Lifted by PDT Partners LLC

Key Points

• PDT Partners LLC significantly increased its stake in N-able, Inc. by 461.8%, acquiring 51,589 additional shares and bringing its total holdings to 62,761 shares valued at approximately $445,000.
• N-able reported earnings of $0.11 per share for the last quarter, surpassing analysts' expectations, and its revenue increased by 9.9% year-over-year.
• Institutional investors hold a substantial share of N-able, accounting for 96.35% of the company's stock as of the latest reports.

PDT Partners LLC lifted its position in shares of N-able, Inc. (NYSE:NABL - Free Report) by 461.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,761 shares of the company's stock after acquiring an additional 51,589 shares during the period. PDT Partners LLC's holdings in N-able were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Graham Capital Management L.P. raised its position in shares of N-able by 49.1% during the 1st quarter. Graham Capital Management L.P. now owns 111,392 shares of the company's stock valued at $790,000 after acquiring an additional 36,676 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of N-able during the 1st quarter valued at approximately $72,000. Keeley Teton Advisors LLC raised its position in shares of N-able by 100.0% during the 1st quarter. Keeley Teton Advisors LLC now owns 36,308 shares of the company's stock valued at $257,000 after acquiring an additional 18,154 shares in the last quarter. Sunriver Management LLC raised its position in shares of N-able by 28.6% during the 1st quarter. Sunriver Management LLC now owns 4,580,663 shares of the company's stock valued at $32,477,000 after acquiring an additional 1,018,361 shares in the last quarter. Finally, Walleye Capital LLC increased its position in 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 buying an additional 6,098 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 transaction of $244,940.16. Following the transaction, the executive vice president directly owned 468,555 shares of the company's stock, valued at approximately $3,617,244.60. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Johnson sold 34,568 shares of the firm'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 transaction, the director directly owned 37,424 shares in the company, 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 company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on NABL. Wall Street Zen raised N-able from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Scotiabank reaffirmed a "sector perform" rating and issued a $8.75 target price (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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.31.

N-able Stock Performance

NYSE NABL traded down $0.21 during trading hours on Wednesday, hitting $8.15. The company had a trading volume of 192,277 shares, compared to its average volume of 1,044,131. The firm has a market cap of $1.52 billion, a P/E ratio of 407.85 and a beta of 0.62. 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, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $13.12. The business has a fifty day simple moving average of $7.97 and a 200-day simple moving average of $7.71.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 4.13% and a net margin of 0.59%.The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that N-able, Inc. will post 0.27 EPS for the current 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.