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N-able, Inc. (NYSE:NABL) Shares Sold by HarbourVest Partners LLC

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HarbourVest Partners LLC lowered its position in N-able, Inc. (NYSE:NABL - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,903,030 shares of the company's stock after selling 229,456 shares during the period. N-able accounts for approximately 12.9% of HarbourVest Partners LLC's portfolio, making the stock its 3rd biggest holding. HarbourVest Partners LLC owned approximately 1.59% of N-able worth $38,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sea Cliff Partners Management LP purchased a new stake in shares of N-able in the fourth quarter valued at approximately $16,940,000. Sunriver Management LLC boosted its stake in N-able by 28.7% during the fourth quarter. Sunriver Management LLC now owns 2,847,909 shares of the company's stock worth $37,735,000 after buying an additional 635,200 shares during the last quarter. Norges Bank purchased a new stake in N-able in the 4th quarter valued at $8,402,000. Dimensional Fund Advisors LP increased its stake in shares of N-able by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,476,547 shares of the company's stock worth $32,814,000 after acquiring an additional 144,098 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of N-able by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,413,158 shares of the company's stock worth $108,530,000 after acquiring an additional 80,385 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.

N-able Trading Down 1.5 %

Shares of NYSE:NABL traded down $0.22 during midday trading on Thursday, reaching $14.25. 498,801 shares of the company's stock were exchanged, compared to its average volume of 543,284. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 103.36 and a beta of 0.43. N-able, Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $14.95. The firm's 50 day simple moving average is $12.83 and its two-hundred day simple moving average is $12.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.01 and a quick ratio of 3.01.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). N-able had a net margin of 6.27% and a return on equity of 4.38%. The company had revenue of $113.75 million for the quarter, compared to analyst estimates of $111.42 million. As a group, sell-side analysts forecast that N-able, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NABL shares. Royal Bank of Canada upped their price objective on shares of N-able from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Needham & Company LLC reissued a "buy" rating and issued a $16.50 price target on shares of N-able in a research note on Wednesday, May 29th.

Read Our Latest Research Report on NABL

About N-able

(Free Report)

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.

See Also

Institutional Ownership by Quarter for N-able (NYSE:NABL)

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