N-able (NYSE:NABL) Sets New 1-Year Low on Analyst Downgrade

N-able, Inc. (NYSE:NABL) reached a new 52-week low during trading on Friday after BMO Capital Markets lowered their price target on the stock from $14.00 to $13.50. BMO Capital Markets currently has a market perform rating on the stock. N-able traded as low as $11.33 and last traded at $11.51, with a volume of 77436 shares traded. The stock had previously closed at $11.96.

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

Insider Activity at N-able

In other N-able news, CEO John Pagliuca sold 150,956 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.77, for a total value of $1,927,708.12. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Tim James O’brien sold 11,195 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.84, for a total value of $143,743.80. Following the completion of the sale, the chief financial officer now directly owns 654,232 shares of the company’s stock, valued at approximately $8,400,338.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Pagliuca sold 150,956 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the completion of the transaction, the chief executive officer now owns 1,465,346 shares of the company’s stock, valued at approximately $18,712,468.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,351 shares of company stock worth $2,551,240. 1.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its holdings in N-able by 3.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 40,467 shares of the company’s stock worth $529,000 after purchasing an additional 1,242 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in N-able during the first quarter valued at $848,000. Russell Investments Group Ltd. purchased a new stake in N-able in the 1st quarter worth $392,000. ProShare Advisors LLC increased its holdings in shares of N-able by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock worth $184,000 after purchasing an additional 971 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in N-able during the first quarter valued at approximately $148,000. Institutional investors own 96.35% of the company’s stock.

N-able Stock Down 3.8 %

The business has a 50-day moving average price of $12.60 and a 200 day moving average price of $13.20. The stock has a market capitalization of $2.13 billion, a P/E ratio of 70.35 and a beta of 0.47. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46.

N-able (NYSE:NABL) last posted its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $116.83 million. During the same period in the previous year, the firm posted $0.03 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.