N-able, Inc. (NYSE:NABL) EVP Sells $208,640.00 in Stock

N-able, Inc. (NYSE:NABL) EVP Peter C. Anastos sold 16,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $13.04, for a total value of $208,640.00. Following the transaction, the executive vice president now owns 322,774 shares in the company, valued at $4,208,972.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

N-able Stock Performance

Shares of NYSE:NABL traded down $0.04 during midday trading on Friday, hitting $12.86. The company’s stock had a trading volume of 501,450 shares, compared to its average volume of 564,276. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.01 and a current ratio of 3.01. The stock’s 50 day simple moving average is $13.87 and its 200 day simple moving average is $13.34. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 91.57 and a beta of 0.47. N-able, Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $15.48.

N-able (NYSE:NABL) last released its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $119.40 million for 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%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. As a group, research analysts anticipate that N-able, Inc. will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On N-able

Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of N-able by 35.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,472 shares of the company’s stock valued at $245,000 after purchasing an additional 4,835 shares during the period. Victory Capital Management Inc. raised its position in N-able by 37.1% in the fourth quarter. Victory Capital Management Inc. now owns 32,218 shares of the company’s stock worth $427,000 after purchasing an additional 8,712 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in N-able by 5.1% during the fourth quarter. Teacher Retirement System of Texas now owns 56,496 shares of the company’s stock worth $749,000 after purchasing an additional 2,729 shares during the period. Dimensional Fund Advisors LP boosted its holdings in N-able by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,476,547 shares of the company’s stock valued at $32,814,000 after purchasing an additional 144,098 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of N-able in the 4th quarter valued at approximately $8,402,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

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

N-able Company 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.