N-able, Inc. $NABL is Applied Fundamental Research LLC’s 8th Largest Position

Applied Fundamental Research LLC lowered its position in shares of N-able, Inc. (NYSE:NABL) by 3.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,048,374 shares of the company’s stock after selling 34,659 shares during the quarter. N-able accounts for about 7.5% of Applied Fundamental Research LLC’s holdings, making the stock its 8th biggest holding. Applied Fundamental Research LLC’s holdings in N-able were worth $8,492,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NABL. Parallel Advisors LLC boosted its position in N-able by 1,030.5% during the 2nd quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock valued at $28,000 after buying an additional 3,205 shares during the period. PNC Financial Services Group Inc. lifted its holdings 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 worth $30,000 after buying an additional 2,943 shares during the period. Signaturefd LLC lifted its stake in N-able by 1,410.3% in the second quarter. Signaturefd LLC now owns 6,615 shares of the company’s stock worth $54,000 after acquiring an additional 6,177 shares during the period. Ieq Capital LLC purchased a new stake in N-able in the first quarter worth $72,000. Finally, GAMMA Investing LLC lifted its stake in N-able by 332.7% in 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 period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insider Activity

In related news, Director Ann Johnson sold 34,568 shares of the business’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 directly owned 37,424 shares in the company, valued at $288,164.80. The trade was a 48.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 468,555 shares of the company’s stock, valued at $3,617,244.60. This represents a 6.34% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

N-able Stock Down 0.7%

Shares of NYSE:NABL opened at $7.63 on Wednesday. The stock has a fifty day simple moving average of $7.93 and a two-hundred day simple moving average of $7.72. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 381.89 and a beta of 0.61. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $13.04. 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) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $131.25 million during 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%.N-able’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $8.75 target price (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.31.

N-able 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.