AQR Capital Management LLC Sells 2,322 Shares of N-able, Inc. (NYSE:NABL)

AQR Capital Management LLC lowered its position in shares of N-able, Inc. (NYSE:NABL) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,018 shares of the company’s stock after selling 2,322 shares during the period. AQR Capital Management LLC’s holdings in N-able were worth $549,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in N-able in the 2nd quarter worth approximately $30,000. GAMMA Investing LLC grew its stake in 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 buying an additional 3,163 shares in the last quarter. SageView Advisory Group LLC purchased a new position in N-able in the 1st quarter worth approximately $148,000. ProShare Advisors LLC boosted 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 purchasing an additional 971 shares in the last quarter. Finally, Summit Global Investments bought a new position in shares of N-able during the 2nd quarter valued at $191,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling at N-able

In other N-able news, CEO John Pagliuca sold 150,956 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the completion of the sale, the chief executive officer now directly owns 1,465,346 shares in the company, valued at approximately $18,712,468.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other N-able news, EVP Peter C. Anastos sold 16,000 shares of N-able stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $13.04, for a total transaction of $208,640.00. Following the transaction, the executive vice president now owns 322,774 shares of the company’s stock, valued at $4,208,972.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Pagliuca sold 150,956 shares of N-able stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the transaction, the chief executive officer now directly owns 1,465,346 shares in the company, valued at $18,712,468.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,351 shares of company stock worth $2,551,240. 1.43% of the stock is owned by corporate insiders.

N-able Stock Performance

Shares of NABL opened at $12.60 on Tuesday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 90.00 and a beta of 0.45. 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 firm has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $13.23. N-able, Inc. has a twelve month low of $11.50 and a twelve month high of $15.48.

N-able (NYSE:NABL) last posted its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. N-able had a net margin of 7.19% and a return on equity of 5.67%. The firm had revenue of $119.40 million during the quarter, compared to analysts’ expectations of $116.83 million. During the same period last year, the company posted $0.03 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

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

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.