N-able, Inc. (NYSE:NABL) CEO John Pagliuca Sells 150,956 Shares

N-able, Inc. (NYSE:NABL) CEO John Pagliuca sold 150,956 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.77, for a total value of $1,927,708.12. Following the completion of the transaction, the chief executive officer now owns 1,465,346 shares of the company’s stock, valued at $18,712,468.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

N-able Stock Performance

Shares of NYSE:NABL traded down $0.05 during trading on Wednesday, hitting $12.80. 396,954 shares of the stock traded hands, compared to its average volume of 575,220. The company has a fifty day moving average price of $14.23 and a two-hundred day moving average price of $13.39. N-able, Inc. has a 52-week low of $11.50 and a 52-week high of $15.48. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 91.89 and a beta of 0.47. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.47.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $119.40 million during the quarter, compared to analyst estimates of $116.83 million. N-able had a return on equity of 4.38% and a net margin of 6.27%. N-able’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. As a group, equities analysts predict that N-able, Inc. will post 0.24 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $16.50 price objective on shares of N-able in a research note on Friday, August 9th.

Institutional Trading of N-able

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of N-able during the 2nd quarter valued at about $30,000. GAMMA Investing LLC increased its holdings in shares of N-able by 644.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock worth $56,000 after buying an additional 3,163 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of N-able during the 1st quarter valued at approximately $148,000. ProShare Advisors LLC lifted its holdings in N-able by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock valued at $184,000 after acquiring an additional 971 shares during the last quarter. Finally, Summit Global Investments acquired a new position in N-able in the second quarter valued at approximately $191,000. Hedge funds and other 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.