Trigran Investments Inc. Makes New $4.96 Million Investment in 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. purchased a new position in shares of N-able, Inc. (NYSE:NABL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 700,030 shares of the company's stock, valued at approximately $4,963,000. N-able comprises about 0.7% of Trigran Investments Inc.'s portfolio, making the stock its 15th largest position. Trigran Investments Inc. owned approximately 0.37% of N-able at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC grew its position in N-able by 47.5% during the 1st quarter. HighTower Advisors LLC now owns 43,912 shares of the company's stock worth $311,000 after purchasing an additional 14,137 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of N-able by 27.0% during the first quarter. Public Sector Pension Investment Board now owns 223,833 shares of the company's stock valued at $1,587,000 after buying an additional 47,527 shares during the last quarter. Nuveen LLC purchased a new stake in shares of N-able during the first quarter valued at $1,508,000. Invesco Ltd. grew its holdings in shares of N-able by 9.9% during the first quarter. Invesco Ltd. now owns 531,722 shares of the company's stock valued at $3,770,000 after buying an additional 48,059 shares during the last quarter. Finally, CenterBook Partners LP grew its holdings in shares of N-able by 22.0% during the first quarter. CenterBook Partners LP now owns 505,056 shares of the company's stock valued at $3,581,000 after buying an additional 90,961 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

N-able Price Performance

NABL stock traded up $0.1050 during mid-day trading on Thursday, reaching $7.6350. 598,713 shares of the company's stock were exchanged, compared to its average volume of 1,069,705. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $13.15. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 381.94 and a beta of 0.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24. The stock's 50 day moving average is $7.94 and its 200 day moving average is $7.92.

N-able (NYSE:NABL - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm 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 business's revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that N-able, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at N-able

In other news, EVP Michael I. Adler sold 31,728 shares of the firm's stock in a transaction that occurred 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 $3,617,244.60. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ann Johnson sold 34,568 shares of the firm's stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

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.