John Pagliuca, CEO of N-able, Inc. (NYSE:NABL – Free Report) sold 150,956 shares of the company’s stock on Monday, August 12. The shares were sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the transaction, the CEO now directly owns 1,465,346 shares of the company’s stock, valued at approximately $18,712,468.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
N-able price-performance ratio
NYSE NABL shares opened at $12.80 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.01 and a quick ratio of 3.01. The company’s 50-day moving average is $14.20 and its 200-day moving average is $13.38. N-able, Inc. has a 12-month low of $11.50 and a 12-month high of $15.48. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 91.43 and a beta of 0.47.
N-able (NYSE:NABL – Get Free Report) last released its quarterly earnings results on Thursday, August 8. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. N-able had a net margin of 6.27% and a return on equity of 4.38%. The company posted revenue of $119.40 million during the quarter, compared to analyst estimates of $116.83 million. During the same quarter last year, the company posted earnings per share of $0.03. The company’s revenue grew by 12.5% year-over-year. Analysts expect N-able, Inc. to report earnings per share of $0.24 for the current year.
Institutional inflows and outflows
Several large investors have recently made changes to their positions in NABL. Louisiana State Employees Retirement System increased its holdings in 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 buying an additional 900 shares in the last quarter. ProShare Advisors LLC increased 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 in the last quarter. Illinois Municipal Retirement Fund increased 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 valued at $529,000 after buying an additional 1,242 shares in the last quarter. Rhumbline Advisers increased its stake in N-able by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 203,826 shares of the company’s stock valued at $3,104,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in N-able in the 2nd quarter valued at $30,000. 96.35% of the shares are owned by institutional investors and hedge funds.
Changes in analyst ratings
Needham & Company LLC additionally reiterated a “buy” rating and set a $16.50 price objective on shares of N-able in a research note on Friday, August 9th.
Check out our latest research report on NABL
N-able Company Profile
(Get free report)
N-able, Inc. provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and worldwide. The company’s solutions enable MSPs to support the digital transformation and growth of small and medium-sized businesses. The company offers a software platform designed as an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.
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