N-able, Inc. (NYSE:NABL) Shares Purchased by Atom Investors LP

Atom Investors LP raised its holdings in shares of N-able, Inc. (NYSE:NABL) by 59.2% during the 3rd quarter, Holdings Channel reports. The fund owned 156,126 shares of the company’s stock after purchasing an additional 58,087 shares during the period. Atom Investors LP’s holdings in N-able were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Stanley Laman Group Ltd. raised its stake in shares of N-able by 25.7% during the second quarter. Stanley Laman Group Ltd. now owns 212,406 shares of the company’s stock valued at $3,235,000 after purchasing an additional 43,454 shares in the last quarter. Janus Henderson Group PLC increased its stake in N-able by 1,041.3% during the 1st quarter. Janus Henderson Group PLC now owns 219,311 shares of the company’s stock valued at $2,866,000 after buying an additional 200,095 shares during the period. Applied Fundamental Research LLC raised its position in shares of N-able by 438.6% during the 3rd quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock worth $10,652,000 after buying an additional 664,198 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of N-able by 61.4% in the 2nd quarter. Edgestream Partners L.P. now owns 295,145 shares of the company’s stock worth $4,495,000 after acquiring an additional 112,236 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of N-able by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company’s stock valued at $47,427,000 after acquiring an additional 371,013 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NABL shares. Royal Bank of Canada reissued an “outperform” rating and set a $15.00 target price on shares of N-able in a report on Thursday, November 21st. BMO Capital Markets lowered their price target on N-able from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.50 price objective on shares of N-able in a report on Friday, November 22nd.

N-able Stock Up 1.2 %

NYSE NABL opened at $10.57 on Tuesday. N-able, Inc. has a 12 month low of $9.98 and a 12 month high of $15.48. The company has a market capitalization of $1.96 billion, a P/E ratio of 52.85 and a beta of 0.38. The company’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $12.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. N-able had a return on equity of 6.31% and a net margin of 8.08%. The company had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $114.75 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

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.