N-able, Inc. (NYSE:NABL – Get Free Report) EVP Kathleen Pai sold 13,390 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $15.02, for a total transaction of $201,117.80. Following the transaction, the executive vice president now directly owns 538,194 shares of the company’s stock, valued at $8,083,673.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kathleen Pai also recently made the following trade(s):
- On Monday, June 24th, Kathleen Pai sold 4,709 shares of N-able stock. The shares were sold at an average price of $15.04, for a total value of $70,823.36.
N-able Trading Up 0.2 %
NYSE:NABL opened at $14.86 on Thursday. The company has a market cap of $2.75 billion, a P/E ratio of 106.14 and a beta of 0.47. The stock’s fifty day moving average price is $13.49 and its two-hundred day moving average price is $13.22. N-able, Inc. has a 1 year low of $11.50 and a 1 year high of $15.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.01 and a quick ratio of 3.01.
Analysts Set New Price Targets
Separately, Needham & Company LLC reiterated a “buy” rating and set a $16.50 target price on shares of N-able in a research report on Wednesday, May 29th.
View Our Latest Stock Report on NABL
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NABL. Sea Cliff Partners Management LP bought a new position in N-able in the fourth quarter valued at $16,940,000. Sunriver Management LLC boosted its holdings in shares of N-able by 28.7% in the 4th quarter. Sunriver Management LLC now owns 2,847,909 shares of the company’s stock worth $37,735,000 after purchasing an additional 635,200 shares in the last quarter. Norges Bank bought a new position in shares of N-able during the 4th quarter valued at about $8,402,000. Vanguard Group Inc. raised its holdings in shares of N-able by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 8,697,270 shares of the company’s stock valued at $115,239,000 after buying an additional 284,112 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of N-able by 1,041.3% during the 1st quarter. Janus Henderson Group PLC now owns 219,311 shares of the company’s stock valued at $2,866,000 after buying an additional 200,095 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.
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.
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