N-able, Inc. $NABL Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of N-able, Inc. (NYSE:NABL) by 9.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 531,722 shares of the company’s stock after buying an additional 48,059 shares during the period. Invesco Ltd. owned about 0.28% of N-able worth $3,770,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Edgestream Partners L.P. lifted its position in shares of N-able by 89.7% during the 1st quarter. Edgestream Partners L.P. now owns 790,993 shares of the company’s stock valued at $5,608,000 after acquiring an additional 373,989 shares during the last quarter. Millennium Management LLC raised its position in shares of N-able by 48.6% during the fourth quarter. Millennium Management LLC now owns 791,871 shares of the company’s stock worth $7,396,000 after purchasing an additional 258,979 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of N-able by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,529,875 shares of the company’s stock valued at $32,969,000 after purchasing an additional 179,305 shares during the last quarter. 272 Capital LP boosted its position in shares of N-able by 52.2% in the 4th quarter. 272 Capital LP now owns 337,481 shares of the company’s stock valued at $3,152,000 after purchasing an additional 115,818 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in N-able by 72.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 244,085 shares of the company’s stock worth $1,731,000 after purchasing an additional 102,463 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NABL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of N-able in a research note on Monday, May 5th. Scotiabank restated a “sector perform” rating and set a $8.75 price target (up previously from $8.30) on shares of N-able in a report on Friday, August 8th. Finally, Wall Street Zen lowered shares of N-able from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.31.

N-able Trading Up 0.8%

NYSE:NABL opened at $8.05 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of 402.50 and a beta of 0.62. N-able, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $13.15. 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 stock’s 50-day moving average is $7.94 and its two-hundred day moving average is $7.84.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. N-able had a net margin of 0.59% and a return on equity of 4.13%. The business had revenue of $131.25 million during the quarter, compared to analyst estimates of $125.87 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s 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. As a group, equities research analysts forecast that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

About N-able

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.