PNC Financial Services Group Inc. Has $30,000 Stock Holdings in N-able, Inc. $NABL

PNC Financial Services Group Inc. lifted its stake in N-able, Inc. (NYSE:NABL) by 241.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,162 shares of the company’s stock after acquiring an additional 2,943 shares during the quarter. PNC Financial Services Group Inc.’s holdings in N-able were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of N-able by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,529,875 shares of the company’s stock worth $32,969,000 after acquiring an additional 179,305 shares during the last quarter. Millennium Management LLC increased its stake in shares of N-able by 48.6% in the fourth quarter. Millennium Management LLC now owns 791,871 shares of the company’s stock worth $7,396,000 after acquiring an additional 258,979 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of N-able by 89.7% in the first quarter. Edgestream Partners L.P. now owns 790,993 shares of the company’s stock worth $5,608,000 after acquiring an additional 373,989 shares during the last quarter. Northern Trust Corp increased its stake in shares of N-able by 8.5% in the fourth quarter. Northern Trust Corp now owns 713,385 shares of the company’s stock worth $6,663,000 after acquiring an additional 56,072 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of N-able by 5.0% in the fourth quarter. Invesco Ltd. now owns 483,663 shares of the company’s stock worth $4,517,000 after acquiring an additional 22,892 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at N-able

In other news, Director Ann Johnson sold 34,568 shares of N-able stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the completion of the transaction, the director owned 37,424 shares in the company, valued at approximately $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael I. Adler sold 31,728 shares of N-able stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total transaction of $244,940.16. Following the completion of the transaction, the executive vice president owned 468,555 shares of the company’s stock, valued at $3,617,244.60. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

N-able Stock Up 4.3%

Shares of NABL opened at $7.9720 on Friday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 398.80 and a beta of 0.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.41. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $13.15. The company has a 50-day moving average price of $7.94 and a two-hundred day moving average price of $7.89.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NABL. Scotiabank reaffirmed a “sector perform” rating and issued a $8.75 price target (up from $8.30) on shares of N-able in a research note on Friday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of N-able in a research note on Monday, May 5th. Finally, Wall Street Zen cut shares of N-able from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.