Sunriver Management LLC Increases Holdings in N-able, Inc. $NABL

Key Points

• Sunriver Management LLC increased its ownership in N-able, Inc. by 28.6%, acquiring an additional 1,018,361 shares to hold a total of 4,580,663 shares, accounting for approximately 4.0% of its portfolio.
• N-able reported a quarterly earnings of $0.11 per share, exceeding expectations, with revenue up 9.9% year-over-year at $131.25 million.
• The stock price of N-able is currently at $7.9720, and has a market cap of $1.49 billion, with analysts having an average rating of "Moderate Buy."

Sunriver Management LLC increased its stake in shares of N-able, Inc. (NYSE:NABL - Free Report) by 28.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,580,663 shares of the company's stock after buying an additional 1,018,361 shares during the quarter. N-able comprises 4.0% of Sunriver Management LLC's holdings, making the stock its 14th largest position. Sunriver Management LLC owned 2.42% of N-able worth $32,477,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new position in N-able during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its stake in N-able by 67.4% during the fourth 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. increased 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 worth $30,000 after acquiring an additional 2,943 shares during the last quarter. Corton Capital Inc. acquired a new stake in N-able during the fourth quarter worth $94,000. Finally, GAMMA Investing LLC increased 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 worth $76,000 after acquiring an additional 8,244 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NABL shares. Scotiabank reissued a "sector perform" rating and set a $8.75 target price (up previously from $8.30) on shares of N-able in a research note on Friday, August 8th. Wall Street Zen cut N-able from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of N-able in a research note on Monday, May 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.31.

N-able Stock Up 2.2%

NABL traded up $0.18 on Wednesday, hitting $7.98. 524,771 shares of the company were exchanged, compared to its average volume of 933,842. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $13.15. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 398.95 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $7.93 and a two-hundred day moving average price of $7.85.

N-able (NYSE:NABL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted $0.14 EPS. N-able's revenue for the quarter 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. On average, equities analysts predict that N-able, Inc. will post 0.27 earnings per share for the current year.

Insider Transactions at N-able

In other N-able news, Director Ann Johnson sold 34,568 shares of N-able 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 completion of the sale, the director directly owned 37,424 shares of the company's stock, valued at $288,164.80. The trade was a 48.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael I. Adler sold 31,728 shares of N-able stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $7.72, for a total value of $244,940.16. Following 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 ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by 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.