N-able, Inc. (NYSE:NABL) EVP Frank Colletti Sells 3,333 Shares

N-able, Inc. (NYSE:NABL) EVP Frank Colletti sold 3,333 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $15.24, for a total value of $50,794.92. Following the completion of the transaction, the executive vice president now directly owns 453,475 shares in the company, valued at approximately $6,910,959. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

N-able Stock Performance

Shares of NABL stock opened at $14.83 on Wednesday. The stock’s 50-day moving average is $13.44 and its two-hundred day moving average is $13.21. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 105.93 and a beta of 0.47. N-able, Inc. has a 1 year low of $11.50 and a 1 year high of $15.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.01 and a current ratio of 3.01.

N-able (NYSE:NABL) last issued its quarterly earnings data 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). N-able had a return on equity of 4.38% and a net margin of 6.27%. The firm had revenue of $113.75 million for the quarter, compared to analysts’ expectations of $111.42 million. Analysts predict that N-able, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On N-able

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake 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 worth $56,000 after buying an additional 3,163 shares during the period. SageView Advisory Group LLC acquired a new stake in N-able in the first quarter valued at about $148,000. Harbor Capital Advisors Inc. lifted its position 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 purchasing an additional 2,744 shares during the period. ProShare Advisors LLC lifted its position in shares of N-able by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock valued at $184,000 after acquiring an additional 971 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of N-able during the 4th quarter worth approximately $229,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.