Geode Capital Management LLC Purchases 73,405 Shares of N-able, Inc. $NABL

Geode Capital Management LLC increased its position in shares of N-able, Inc. (NYSE:NABL) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,732,516 shares of the company’s stock after purchasing an additional 73,405 shares during the period. Geode Capital Management LLC owned approximately 0.92% of N-able worth $14,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in N-able by 1,030.5% in the second quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock worth $28,000 after purchasing an additional 3,205 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of N-able by 241.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock worth $30,000 after acquiring an additional 2,943 shares during the last quarter. Signaturefd LLC boosted its holdings in N-able by 1,410.3% during the 2nd quarter. Signaturefd LLC now owns 6,615 shares of the company’s stock valued at $54,000 after acquiring an additional 6,177 shares during the period. Ieq Capital LLC bought a new position in N-able in the 1st quarter valued at $72,000. Finally, Revisor Wealth Management LLC increased its stake in N-able by 20.8% in the second quarter. Revisor Wealth Management LLC now owns 13,977 shares of the company’s stock worth $114,000 after purchasing an additional 2,402 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NABL has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of N-able from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Scotiabank reissued a “sector perform” rating and issued a $8.75 price objective (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Royal Bank Of Canada upped their target price on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.31.

N-able Trading Down 0.5%

NYSE:NABL opened at $7.16 on Tuesday. The firm has a 50-day simple moving average of $7.74 and a 200-day simple moving average of $7.90. N-able, Inc. has a one year low of $6.07 and a one year high of $10.60. The firm has a market cap of $1.33 billion, a P/E ratio of -238.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. N-able has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.