Rhumbline Advisers Has $1.38 Million Stock Position in N-able, Inc. $NABL

Rhumbline Advisers cut its holdings in shares of N-able, Inc. (NYSE:NABL) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,914 shares of the company’s stock after selling 4,957 shares during the period. Rhumbline Advisers owned 0.10% of N-able worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of N-able by 332.7% during the first quarter. GAMMA Investing LLC now owns 10,722 shares of the company’s stock worth $76,000 after buying an additional 8,244 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in N-able by 5.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 635,171 shares of the company’s stock worth $4,503,000 after acquiring an additional 31,311 shares during the period. BNP Paribas Financial Markets acquired a new stake in N-able during the 4th quarter worth $525,000. Public Sector Pension Investment Board raised its position in shares of N-able by 27.0% during the 1st quarter. Public Sector Pension Investment Board now owns 223,833 shares of the company’s stock valued at $1,587,000 after acquiring an additional 47,527 shares during the last quarter. Finally, Trigran Investments Inc. acquired a new position in shares of N-able in the 1st quarter valued at $4,963,000. Institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling

In related 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 value of $244,940.16. Following the transaction, the executive vice president owned 468,555 shares in the company, valued at $3,617,244.60. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Johnson sold 34,568 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were 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 in the company, valued at approximately $288,164.80. The trade was a 48.02% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NABL has been the subject of a number of analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a $8.75 price objective (up from $8.30) on shares of N-able in a research note on Friday, August 8th. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.31.

N-able Stock Performance

NABL opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24. N-able, Inc. has a 52-week low of $6.07 and a 52-week high of $13.12. The firm has a market cap of $1.54 billion, a P/E ratio of 410.71 and a beta of 0.62. The business’s fifty day moving average is $7.99 and its 200-day moving average is $7.67.

N-able (NYSE:NABL) last announced its quarterly earnings data 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 firm had revenue of $131.25 million for the quarter, compared to the consensus estimate of $125.87 million. During the same period in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.