Stanley Laman Group Ltd. Sells 66,869 Shares of N-able, Inc. (NYSE:NABL)

Stanley Laman Group Ltd. cut its position in shares of N-able, Inc. (NYSE:NABL) by 20.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,995 shares of the company’s stock after selling 66,869 shares during the period. Stanley Laman Group Ltd. owned about 0.14% of N-able worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of N-able by 95.5% in the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock worth $29,000 after acquiring an additional 1,528 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of N-able by 22.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,176 shares of the company’s stock worth $142,000 after acquiring an additional 2,764 shares in the last quarter. KBC Group NV raised its position in shares of N-able by 104.7% in the 4th quarter. KBC Group NV now owns 5,490 shares of the company’s stock worth $51,000 after acquiring an additional 2,808 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of N-able by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,369 shares of the company’s stock worth $645,000 after acquiring an additional 3,662 shares in the last quarter. Finally, Aigen Investment Management LP raised its position in shares of N-able by 38.4% in the 3rd quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock worth $182,000 after acquiring an additional 3,863 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

N-able Stock Up 0.2 %

Shares of NABL stock opened at $10.03 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01. The stock’s fifty day moving average price is $9.68 and its 200 day moving average price is $11.38. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 50.15 and a beta of 0.42. N-able, Inc. has a 1-year low of $8.91 and a 1-year high of $15.48.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NABL. BMO Capital Markets reduced their price target on N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Friday, November 8th. Scotiabank reduced their price target on N-able from $11.20 to $11.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their target price on N-able from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $16.50 target price on shares of N-able in a research note on Friday, November 22nd.

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.