Maryland State Retirement & Pension System Sells 2,580 Shares of N-able, Inc. $NABL

Maryland State Retirement & Pension System decreased its stake in N-able, Inc. (NYSE:NABL) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,190 shares of the company’s stock after selling 2,580 shares during the quarter. Maryland State Retirement & Pension System’s holdings in N-able were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Occudo Quantitative Strategies LP boosted its stake in N-able by 2.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 51,869 shares of the company’s stock worth $484,000 after buying an additional 1,072 shares during the period. 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 purchasing an additional 1,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in N-able by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,660 shares of the company’s stock valued at $380,000 after purchasing an additional 1,541 shares during the last quarter. PNC Financial Services Group Inc. raised its position in N-able by 241.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock worth $30,000 after purchasing an additional 2,943 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in N-able in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Trading Down 1.4%

Shares of NYSE NABL opened at $7.7730 on Wednesday. N-able, Inc. has a 1-year low of $6.07 and a 1-year high of $13.15. The stock has a market capitalization of $1.45 billion, a P/E ratio of 388.84 and a beta of 0.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $7.96 and a 200 day moving average price of $7.92.

N-able (NYSE:NABL) last announced its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. N-able had a return on equity of 4.13% and a net margin of 0.59%.The company had revenue of $131.25 million for the quarter, compared to analyst estimates of $125.87 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NABL. Wall Street Zen cut N-able from a “buy” rating to a “hold” rating in a report on Sunday. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of N-able in a research note on Monday, May 5th. Finally, Scotiabank restated a “sector perform” rating and set a $8.75 price objective (up from $8.30) on shares of N-able in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, N-able has an average rating of “Moderate Buy” and a consensus target price of $9.31.

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.