Vanguard Group Inc. Decreases Stake in N-able, Inc. $NABL

Key Points

• Vanguard Group Inc. reduced its stake in N-able, Inc. by 1.2%, selling 113,321 shares to hold approximately 4.88% of the company, valued at $65.35 million.
• Despite N-able's positive earnings report for the quarter, where it beat estimates with $0.11 EPS and $131.25 million in revenue, the stock declined 0.3% to $7.81.
• Research analysts hold a generally positive outlook on N-able, with an average rating of "Moderate Buy" and a target price of $9.31.

Vanguard Group Inc. lowered its position in N-able, Inc. (NYSE:NABL - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,217,119 shares of the company's stock after selling 113,321 shares during the period. Vanguard Group Inc. owned approximately 4.88% of N-able worth $65,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NABL. Aquatic Capital Management LLC purchased a new stake in N-able during the fourth quarter worth $29,000. Tower Research Capital LLC TRC boosted its position in shares of N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after buying an additional 1,309 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in N-able by 241.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock valued at $30,000 after acquiring an additional 2,943 shares during the last quarter. GAMMA Investing LLC increased its holdings in N-able by 332.7% during the 1st quarter. GAMMA Investing LLC now owns 10,722 shares of the company's stock valued at $76,000 after acquiring an additional 8,244 shares in the last quarter. Finally, Revisor Wealth Management LLC purchased a new position in N-able during the 1st quarter valued at about $82,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at N-able

In related news, EVP Michael I. Adler sold 31,728 shares of the business'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 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. The trade was a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 value of $266,173.60. Following the completion of the transaction, the director owned 37,424 shares of the company's stock, valued at approximately $288,164.80. This represents a 48.02% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

N-able Trading Up 0.3%

NABL traded up $0.03 during trading on Thursday, hitting $8.01. 250,564 shares of the company's stock were exchanged, compared to its average volume of 1,054,690. N-able, Inc. has a 1 year low of $6.07 and a 1 year high of $13.15. The stock has a 50 day moving average price of $7.93 and a 200 day moving average price of $7.85. The firm has a market cap of $1.50 billion, a P/E ratio of 400.45 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.

N-able (NYSE:NABL - Get Free Report) last posted its 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. N-able had a net margin of 0.59% and a return on equity of 4.13%. The business had revenue of $131.25 million for the quarter, compared to analyst estimates of $125.87 million. During the same quarter in the previous year, the business posted $0.14 EPS. The business's quarterly revenue 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. As a group, analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on NABL. Scotiabank reiterated a "sector perform" rating and issued a $8.75 price target (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Wall Street Zen lowered N-able from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $10.00 price target 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 given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.31.

About N-able

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.