N-able, Inc. (NYSE:NABL) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its position in N-able, Inc. (NYSE:NABL) by 91.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 67,217 shares of the company’s stock after acquiring an additional 32,094 shares during the quarter. Quest Partners LLC’s holdings in N-able were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its stake in shares of N-able by 2.2% in the 2nd quarter. Mackenzie Financial Corp now owns 40,497 shares of the company’s stock valued at $617,000 after purchasing an additional 866 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of N-able by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $538,000 after purchasing an additional 900 shares during the period. ProShare Advisors LLC raised its position in N-able by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock worth $184,000 after acquiring an additional 971 shares during the period. Rhumbline Advisers raised its position in N-able by 0.8% during the second quarter. Rhumbline Advisers now owns 203,826 shares of the company’s stock worth $3,104,000 after acquiring an additional 1,668 shares during the period. Finally, Summit Securities Group LLC acquired a new position in N-able during the second quarter worth $30,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Stock Performance

NYSE:NABL opened at $10.16 on Thursday. N-able, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $15.48. The stock has a market capitalization of $1.89 billion, a PE ratio of 50.80 and a beta of 0.47. The company has a fifty day moving average of $12.26 and a two-hundred day moving average of $13.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01.

N-able (NYSE:NABL) last released its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. N-able had a net margin of 8.08% and a return on equity of 6.31%. The business had revenue of $116.40 million during the quarter, compared to analyst estimates of $114.75 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that N-able, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at N-able

In other news, EVP Peter C. Anastos sold 16,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $13.04, for a total transaction of $208,640.00. Following the completion of the sale, the executive vice president now owns 322,774 shares of the company’s stock, valued at $4,208,972.96. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NABL. BMO Capital Markets reduced their price objective on shares of 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. Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Monday, November 11th.

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.