Vanguard Group Inc. Sells 295,751 Shares of N-able, Inc. $NABL

Vanguard Group Inc. cut its stake in N-able, Inc. (NYSE:NABL) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,779,211 shares of the company’s stock after selling 295,751 shares during the quarter. Vanguard Group Inc. owned approximately 5.25% of N-able worth $73,148,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of N-able by 1,970.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock valued at $31,000 after purchasing an additional 3,606 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in shares of N-able in the third quarter valued at about $82,000. Brevan Howard Capital Management LP bought a new position in shares of N-able in the second quarter valued at about $90,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of N-able in the fourth quarter valued at about $85,000. Finally, iSAM Funds UK Ltd bought a new position in shares of N-able in the second quarter valued at about $93,000. 96.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NABL shares. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Tuesday, April 21st. BMO Capital Markets decreased their price target on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Wall Street Zen downgraded shares of N-able from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Scotiabank upped their price target on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.55.

N-able Trading Down 6.1%

Shares of N-able stock opened at $3.32 on Friday. The company has a market capitalization of $624.47 million, a price-to-earnings ratio of -66.30 and a beta of 0.64. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.49. N-able, Inc. has a 12-month low of $3.31 and a 12-month high of $9.04. The firm’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $6.11.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. On average, analysts forecast that N-able, Inc. will post 0.24 earnings per share for the current fiscal year.

N-able Profile

N-able (NYSE:NABL) is a cloud-based software provider specializing in solutions for managed service providers (MSPs). The company’s platform offers remote monitoring and management (RMM), backup and disaster recovery, endpoint detection and response (EDR), security information and event management (SIEM), and automation tools. By integrating these services into a unified interface, N-able enables MSPs to streamline IT operations, enhance security posture, and deliver proactive maintenance across on-premises, cloud, and hybrid environments.

Headquartered in Toronto, Canada, N-able traces its origins to the managed services division of SolarWinds before completing a spin-off and initial public offering in mid-2021.