N-able, Inc. $NABL Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in shares of N-able, Inc. (NYSE:NABL) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,036 shares of the company’s stock after selling 2,022 shares during the period. Voya Investment Management LLC’s holdings in N-able were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in N-able by 241.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock valued at $30,000 after buying an additional 2,943 shares in the last quarter. Ieq Capital LLC acquired a new position in N-able during the 1st quarter valued at about $72,000. GAMMA Investing LLC increased its position in N-able by 332.7% during the 1st quarter. GAMMA Investing LLC now owns 10,722 shares of the company’s stock valued at $76,000 after buying an additional 8,244 shares in the last quarter. Revisor Wealth Management LLC acquired a new position in N-able during the 1st quarter valued at about $82,000. Finally, Cerity Partners LLC acquired a new position in N-able during the 1st quarter valued at about $143,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Scotiabank reaffirmed a “sector perform” rating and set a $8.75 target price (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.31.

N-able Stock Down 3.6%

N-able stock opened at $7.80 on Wednesday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 390.20 and a beta of 0.62. N-able, Inc. has a 52 week low of $6.07 and a 52 week high of $13.05. The business’s 50-day moving average price is $8.00 and its 200 day moving average price is $7.71. 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 (NYSE:NABL) last posted its earnings results on Thursday, August 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $131.25 million for the quarter, compared to analyst estimates of $125.87 million. N-able had a return on equity of 4.13% and a net margin of 0.59%.N-able’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts anticipate that N-able, Inc. will post 0.27 earnings per share for the current year.

Insider Activity

In related news, Director Ann Johnson sold 34,568 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.70, for a total transaction of $266,173.60. Following the sale, the director directly owned 37,424 shares of the company’s stock, valued at $288,164.80. This trade represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael I. Adler sold 31,728 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $7.72, for a total value of $244,940.16. Following the sale, the executive vice president directly owned 468,555 shares in the company, valued at approximately $3,617,244.60. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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.