N-able, Inc. $NABL Position Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of N-able, Inc. (NYSE:NABL) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,745 shares of the company’s stock after acquiring an additional 3,633 shares during the quarter. State of Alaska Department of Revenue’s holdings in N-able were worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sunriver Management LLC grew its stake in N-able by 28.6% during the 1st quarter. Sunriver Management LLC now owns 4,580,663 shares of the company’s stock valued at $32,477,000 after acquiring an additional 1,018,361 shares in the last quarter. Crescent Park Management L.P. grew its stake in shares of N-able by 37.2% in the 1st quarter. Crescent Park Management L.P. now owns 1,300,489 shares of the company’s stock valued at $9,220,000 after buying an additional 352,505 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of N-able by 89.7% in the 1st quarter. Edgestream Partners L.P. now owns 790,993 shares of the company’s stock valued at $5,608,000 after buying an additional 373,989 shares in the last quarter. Trigran Investments Inc. bought a new stake in shares of N-able in the 1st quarter valued at approximately $4,963,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of N-able by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 635,171 shares of the company’s stock valued at $4,503,000 after buying an additional 31,311 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Stock Up 1.4%

Shares of NABL stock opened at $7.80 on Friday. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $13.04. The firm has a market cap of $1.46 billion, a PE ratio of 390.20 and a beta of 0.61. The stock has a 50 day moving average of $7.95 and a 200-day moving average of $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 issued 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. 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 during the quarter, compared to analyst estimates of $125.87 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company’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. On average, equities analysts predict that N-able, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Scotiabank reissued a “sector perform” rating and issued a $8.75 price target (up previously from $8.30) on shares of N-able in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.31.

Insider Buying and Selling

In other news, Director Ann Johnson sold 34,568 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.70, for a total transaction of $266,173.60. Following the completion of the transaction, the director directly owned 37,424 shares in the company, valued at $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the company’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 completion of the transaction, the executive vice president owned 468,555 shares of the company’s stock, valued at $3,617,244.60. The trade was 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 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.