Jane Street Group LLC Has $284,000 Stock Position in N-able, Inc. (NYSE:NABL)

Jane Street Group LLC trimmed its holdings in shares of N-able, Inc. (NYSE:NABL) by 44.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,418 shares of the company’s stock after selling 23,859 shares during the period. Jane Street Group LLC’s holdings in N-able were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NABL. Blue Trust Inc. boosted its stake in shares of N-able by 95.5% during the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock worth $29,000 after acquiring an additional 1,528 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of N-able during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC boosted its stake in shares of N-able by 67.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company’s stock worth $30,000 after acquiring an additional 1,309 shares in the last quarter. KBC Group NV boosted its stake in shares of N-able by 104.7% during the 4th quarter. KBC Group NV now owns 5,490 shares of the company’s stock worth $51,000 after acquiring an additional 2,808 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of N-able during the 4th quarter worth about $83,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NABL. William Blair reiterated an “outperform” rating on shares of N-able in a research note on Friday, March 14th. BMO Capital Markets restated a “market perform” rating and set a $8.50 target price (down previously from $13.50) on shares of N-able in a research note on Tuesday, March 4th. Scotiabank increased their target price on N-able from $8.75 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, March 14th. Royal Bank of Canada decreased their target price on N-able from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of N-able in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, N-able currently has an average rating of “Moderate Buy” and an average price target of $9.38.

N-able Stock Up 2.8%

Shares of NABL opened at $8.01 on Wednesday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 40.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01. The business’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $8.62. N-able, Inc. has a 52 week low of $6.07 and a 52 week high of $15.49.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. N-able had a return on equity of 6.31% and a net margin of 8.08%. The business had revenue of $118.20 million for the quarter, compared to analyst estimates of $115.65 million. During the same period last year, the company earned $0.11 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, analysts predict that N-able, Inc. will post 0.27 earnings per share for the current year.

N-able announced that its board has initiated a stock buyback plan on Wednesday, March 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.