Texas Permanent School Fund Corp Sells 6,541 Shares of N-able, Inc. (NYSE:NABL)

Texas Permanent School Fund Corp decreased its position in shares of N-able, Inc. (NYSE:NABL) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,295 shares of the company’s stock after selling 6,541 shares during the period. Texas Permanent School Fund Corp’s holdings in N-able were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NABL. Summit Securities Group LLC acquired a new position in N-able during the 2nd quarter valued at $30,000. GAMMA Investing LLC lifted its position in shares of N-able by 644.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock worth $56,000 after acquiring an additional 3,163 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of N-able during the 1st quarter worth approximately $148,000. ProShare Advisors LLC increased its position in shares of N-able by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock valued at $184,000 after purchasing an additional 971 shares during the period. Finally, Summit Global Investments acquired a new position in shares of N-able in the second quarter valued at $191,000. 96.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

N-able Stock Down 0.7 %

Shares of NABL opened at $12.92 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $13.21 and a two-hundred day moving average price of $13.27. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 93.29 and a beta of 0.45. N-able, Inc. has a 12 month low of $11.50 and a 12 month high of $15.48.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. N-able had a return on equity of 5.67% and a net margin of 7.19%. The business had revenue of $119.40 million for the quarter, compared to analyst estimates of $116.83 million. During the same quarter in the previous year, the firm earned $0.03 EPS. N-able’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts predict that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Insider Transactions at N-able

In related news, EVP Peter C. Anastos sold 16,000 shares of N-able stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $13.04, for a total transaction of $208,640.00. Following the completion of the transaction, the executive vice president now directly owns 322,774 shares of the company’s stock, valued at approximately $4,208,972.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other N-able news, EVP Frank Colletti sold 3,333 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $15.24, for a total value of $50,794.92. Following the transaction, the executive vice president now owns 453,475 shares of the company’s stock, valued at $6,910,959. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Peter C. Anastos sold 16,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $13.04, for a total value of $208,640.00. Following the sale, the executive vice president now owns 322,774 shares in the company, valued at approximately $4,208,972.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,783 shares of company stock valued at $2,873,976. 1.43% of the stock is owned by insiders.

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.