Kathleen Pai Sells 13,390 Shares of N-able, Inc. (NYSE:NABL) Stock

N-able, Inc. (NYSE:NABL) EVP Kathleen Pai sold 13,390 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $15.02, for a total transaction of $201,117.80. Following the sale, the executive vice president now directly owns 538,194 shares in the company, valued at approximately $8,083,673.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kathleen Pai also recently made the following trade(s):

• On Monday, June 24th, Kathleen Pai sold 4,709 shares of N-able stock. The stock was sold at an average price of $15.04, for a total transaction of $70,823.36.

N-able Stock Performance

Shares of N-able stock opened at $14.83 on Wednesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.47. N-able, Inc. has a twelve month low of $11.50 and a twelve month high of $15.48. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 105.93 and a beta of 0.47. The company’s fifty day moving average is $13.44 and its 200 day moving average is $13.21.

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

Hedge Funds Weigh In On N-able

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in N-able by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock valued at $184,000 after buying an additional 971 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in N-able by 3.2% in the first quarter. Illinois Municipal Retirement Fund now owns 40,467 shares of the company’s stock valued at $529,000 after buying an additional 1,242 shares during the period. Teacher Retirement System of Texas lifted its holdings in N-able by 5.1% in the fourth quarter. Teacher Retirement System of Texas now owns 56,496 shares of the company’s stock valued at $749,000 after buying an additional 2,729 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in N-able by 25.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,578 shares of the company’s stock valued at $180,000 after buying an additional 2,744 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of N-able by 644.2% during the second quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock valued at $56,000 after purchasing an additional 3,163 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.