Stanley Laman Group Ltd. Reduces Stock Position in N-able, Inc. (NYSE:NABL)

Stanley Laman Group Ltd. lessened its position in shares of N-able, Inc. (NYSE:NABL) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 257,995 shares of the company’s stock after selling 66,869 shares during the quarter. Stanley Laman Group Ltd.’s holdings in N-able were worth $2,410,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NABL. Blue Trust Inc. boosted its stake in shares of N-able by 95.5% in the fourth quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock worth $29,000 after buying an additional 1,528 shares during the last quarter. KBC Group NV boosted its stake in shares of N-able by 104.7% in the fourth quarter. KBC Group NV now owns 5,490 shares of the company’s stock worth $51,000 after buying an additional 2,808 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in N-able in the 4th quarter worth about $104,000. Harbor Capital Advisors Inc. raised its holdings in 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 purchasing an additional 2,764 shares during the period. Finally, Verition Fund Management LLC acquired a new position in N-able in the 3rd quarter worth about $146,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

NABL has been the subject of a number of analyst reports. 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 report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $16.50 target price on shares of N-able in a report on Friday, November 22nd. Scotiabank reduced their target price on N-able from $11.20 to $11.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price target on N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st.

N-able Trading Up 0.2 %

Shares of N-able stock opened at $10.03 on Thursday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 50.15 and a beta of 0.42. N-able, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $15.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a 50 day moving average of $9.68 and a 200 day moving average of $11.38.

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.