Public Employees Retirement System of Ohio Invests $384,000 in N-able, Inc. $NABL

Key Points

• The Public Employees Retirement System of Ohio invested approximately $384,000 in N-able, Inc., acquiring 47,425 shares of the company's stock during the second quarter.
• N-able reported a quarterly earnings per share of $0.11, exceeding analysts' expectations, and saw a 9.9% year-over-year revenue growth with revenues of $131.25 million.
• The stock has been upgraded by some analysts, with Scotiabank setting a price target of $8.75 and Wall Street Zen raising its rating to buy.

Public Employees Retirement System of Ohio bought a new position in shares of N-able, Inc. (NYSE:NABL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 47,425 shares of the company's stock, valued at approximately $384,000.

A number of other hedge funds also recently made changes to their positions in NABL. Parallel Advisors LLC raised its holdings in shares of N-able by 1,030.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,516 shares of the company's stock worth $28,000 after purchasing an additional 3,205 shares during the period. PNC Financial Services Group Inc. lifted its stake in N-able by 241.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock valued at $30,000 after purchasing an additional 2,943 shares during the last quarter. Ieq Capital LLC purchased a new position in N-able in the first quarter valued at approximately $72,000. GAMMA Investing LLC lifted its stake in 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 last quarter. Finally, Revisor Wealth Management LLC purchased a new position in N-able in the first quarter valued at approximately $82,000. 96.35% of the stock is currently owned by institutional investors.

N-able Trading Up 0.5%

Shares of NABL opened at $7.93 on Tuesday. The business's 50-day moving average price is $7.98 and its 200-day moving average price is $7.71. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $13.04. The stock has a market cap of $1.48 billion, a PE ratio of 396.70 and a beta of 0.61. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $131.25 million for 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 was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NABL shares. Scotiabank reiterated a "sector perform" rating and issued a $8.75 price objective (up previously from $8.30) on shares of N-able in a research note on Friday, August 8th. Wall Street Zen raised shares of N-able from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of N-able in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, N-able has an average rating of "Hold" and a consensus price target of $9.31.

Insider Activity at N-able

In related news, EVP Michael I. Adler sold 31,728 shares of the company's stock in a transaction that occurred on 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 directly owned 468,555 shares in the company, valued at approximately $3,617,244.60. This represents a 6.34% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction that occurred 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 completion of the transaction, the director owned 37,424 shares in the company, valued at approximately $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 corporate insiders.

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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