Penserra Capital Management LLC Buys New Position in N-able, Inc. $NABL

Penserra Capital Management LLC purchased a new position in N-able, Inc. (NYSE:NABL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,152,104 shares of the company’s stock, valued at approximately $9,332,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NABL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of N-able by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after purchasing an additional 1,825 shares during the last quarter. Revisor Wealth Management LLC lifted its stake in N-able by 20.8% during the second quarter. Revisor Wealth Management LLC now owns 13,977 shares of the company’s stock valued at $114,000 after purchasing an additional 2,402 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in N-able by 241.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock worth $30,000 after buying an additional 2,943 shares in the last quarter. Parallel Advisors LLC grew its position in N-able by 1,030.5% in the second quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock worth $28,000 after buying an additional 3,205 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in N-able by 9.3% in the second quarter. State of Alaska Department of Revenue now owns 42,745 shares of the company’s stock worth $345,000 after buying an additional 3,633 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

N-able Price Performance

Shares of NYSE:NABL opened at $8.28 on Friday. The company’s fifty day moving average is $7.99 and its two-hundred day moving average is $7.89. The company has a market cap of $1.55 billion, a P/E ratio of -275.83 and a beta of 0.61. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $11.80. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.40.

N-able (NYSE:NABL) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.N-able’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. N-able has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at N-able

In related news, Director Ann Johnson sold 34,568 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.70, for a total transaction of $266,173.60. Following the completion of the sale, the director directly owned 37,424 shares in the company, valued at approximately $288,164.80. This trade represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total transaction of $244,940.16. Following the completion of the transaction, the executive vice president owned 468,555 shares in the company, valued at approximately $3,617,244.60. This represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

NABL has been the subject of several research reports. Scotiabank reissued a “sector perform” rating and set a $8.75 price objective (up from $8.30) on shares of N-able in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price target on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, N-able has an average rating of “Hold” and a consensus target price of $9.31.

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.