Insider Selling: N-able, Inc. (NYSE:NABL) EVP Sells $70,823.36 in Stock

N-able, Inc. (NYSE:NABL) EVP Kathleen Pai sold 4,709 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $15.04, for a total value of $70,823.36. Following the transaction, the executive vice president now owns 551,884 shares of the company’s stock, valued at $8,300,335.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

N-able Price Performance

Shares of NABL opened at $15.23 on Friday. N-able, Inc. has a 52 week low of $11.50 and a 52 week high of $15.48. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 108.79 and a beta of 0.43. The stock has a 50 day moving average of $13.33 and a 200-day moving average of $13.16.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $113.75 million during the quarter, compared to analyst estimates of $111.42 million. N-able had a return on equity of 4.38% and a net margin of 6.27%. As a group, analysts forecast that N-able, Inc. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On N-able

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sea Cliff Partners Management LP bought a new position in shares of N-able during the fourth quarter valued at approximately $16,940,000. Sunriver Management LLC increased its position in N-able by 28.7% in the fourth quarter. Sunriver Management LLC now owns 2,847,909 shares of the company’s stock worth $37,735,000 after buying an additional 635,200 shares during the period. Norges Bank bought a new stake in N-able in the fourth quarter valued at $8,402,000. Vanguard Group Inc. boosted its holdings in shares of N-able by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 8,697,270 shares of the company’s stock valued at $115,239,000 after acquiring an additional 284,112 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of N-able by 1,041.3% during the first quarter. Janus Henderson Group PLC now owns 219,311 shares of the company’s stock worth $2,866,000 after acquiring an additional 200,095 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analysts Set New Price Targets

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

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.