Kathleen Pai Sells 4,709 Shares of N-able, Inc. (NYSE:NABL) Stock

N-able, Inc. (NYSE:NABL) EVP Kathleen Pai sold 4,709 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $15.04, for a total transaction of $70,823.36. Following the transaction, the executive vice president now owns 551,884 shares in the company, valued at approximately $8,300,335.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

N-able Stock Performance

N-able stock opened at $15.27 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.47. N-able, Inc. has a 1 year low of $11.50 and a 1 year high of $15.48. The company has a market cap of $2.82 billion, a PE ratio of 109.07 and a beta of 0.43. The company’s 50-day moving average is $13.27 and its two-hundred day moving average is $13.14.

N-able (NYSE:NABL) last released its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) 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 business had revenue of $113.75 million for the quarter, compared to analyst estimates of $111.42 million. Equities analysts anticipate that N-able, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and set a $16.50 price target on shares of N-able in a research report on Wednesday, May 29th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new stake in shares of N-able in the 3rd quarter valued at about $73,000. SageView Advisory Group LLC bought a new stake in shares of N-able in the 1st quarter valued at about $148,000. MQS Management LLC bought a new stake in shares of N-able in the 3rd quarter valued at about $178,000. Harbor Capital Advisors Inc. increased its stake in shares of N-able by 25.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 13,578 shares of the company’s stock valued at $180,000 after acquiring an additional 2,744 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of N-able by 7.4% in the 1st 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. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.