Edgestream Partners L.P. Sells 664,067 Shares of N-able, Inc. $NABL

Edgestream Partners L.P. lowered its position in N-able, Inc. (NYSE:NABL) by 82.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,386 shares of the company’s stock after selling 664,067 shares during the period. Edgestream Partners L.P.’s holdings in N-able were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NABL. iSAM Funds UK Ltd grew its stake in shares of N-able by 13.5% during the third quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock valued at $101,000 after buying an additional 1,541 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of N-able by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after acquiring an additional 1,924 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in N-able by 0.7% during the 2nd quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock valued at $2,586,000 after acquiring an additional 2,100 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in N-able by 179.8% during the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after acquiring an additional 2,106 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Trading Up 3.5%

NYSE NABL opened at $5.24 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $986.17 million, a price-to-earnings ratio of -104.70 and a beta of 0.50. The company’s 50-day simple moving average is $3.93 and its two-hundred day simple moving average is $4.62. N-able, Inc. has a one year low of $2.92 and a one year high of $9.04.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $133.68 million during the quarter, compared to analysts’ expectations of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. Equities analysts forecast that N-able, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NABL. Needham & Company LLC reduced their target price on N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Scotiabank upped their price target on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Friday, July 17th. Finally, Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, N-able currently has an average rating of “Hold” and a consensus price target of $7.55.

About N-able

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.