Trigran Investments Inc. Purchases Shares of 700,030 N-able, Inc. $NABL

Key Points

• Trigran Investments Inc. has made a new investment of approximately $4.96 million in N-able, acquiring 700,030 shares, which represents 0.7% of its holdings.
• N-able has seen strong institutional interest with 96.35% of its stock owned by institutional investors and hedge funds, indicating significant market confidence in the company.
• The company reported $131.25 million in revenue for the last quarter, exceeding expectations, and is forecasted to achieve $0.27 earnings per share for the current fiscal year.

Trigran Investments Inc. acquired a new position in shares of N-able, Inc. (NYSE:NABL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 700,030 shares of the company's stock, valued at approximately $4,963,000. N-able makes up approximately 0.7% of Trigran Investments Inc.'s investment portfolio, making the stock its 15th biggest holding. Trigran Investments Inc. owned approximately 0.37% of N-able at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NABL. JPMorgan Chase & Co. increased its position in N-able by 51.9% during the 4th quarter. JPMorgan Chase & Co. now owns 418,971 shares of the company's stock worth $3,913,000 after purchasing an additional 143,065 shares in the last quarter. Wells Fargo & Company MN increased its position in N-able by 45.2% during the 4th quarter. Wells Fargo & Company MN now owns 36,598 shares of the company's stock worth $342,000 after purchasing an additional 11,388 shares in the last quarter. Invesco Ltd. increased its position in N-able by 5.0% during the 4th quarter. Invesco Ltd. now owns 483,663 shares of the company's stock worth $4,517,000 after purchasing an additional 22,892 shares in the last quarter. Renaissance Technologies LLC increased its position in N-able by 23.3% during the 4th quarter. Renaissance Technologies LLC now owns 693,417 shares of the company's stock worth $6,477,000 after purchasing an additional 131,117 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in N-able during the 4th quarter worth approximately $216,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at N-able

In other N-able news, Director Ann Johnson sold 34,568 shares of the business'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 value of $266,173.60. Following the transaction, the director directly owned 37,424 shares of the company's stock, valued at approximately $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael I. Adler sold 31,728 shares of the business'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 completion of the transaction, the executive vice president directly owned 468,555 shares in the company, valued at approximately $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 currently owned by insiders.

N-able Trading Up 3.2%

NYSE:NABL traded up $0.2450 on Friday, reaching $7.8850. 266,076 shares of the stock traded hands, compared to its average volume of 1,064,622. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 394.45 and a beta of 0.62. The company's 50 day moving average is $7.94 and its 200-day moving average is $7.90. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41. N-able, Inc. has a 1-year low of $6.07 and a 1-year high of $13.15.

N-able (NYSE:NABL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $131.25 million during the quarter, compared to the consensus estimate of $125.87 million. N-able had a net margin of 0.59% and a return on equity of 4.13%. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NABL. Wall Street Zen cut shares of N-able from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Scotiabank reiterated a "sector perform" rating and set a $8.75 target price (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $10.00 target price on shares of N-able in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, N-able currently has a consensus 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.