N-able, Inc. (NYSE:NABL – Get Free Report) EVP Kathleen Pai sold 13,390 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $15.02, for a total transaction of $201,117.80. Following the sale, the executive vice president now directly owns 538,194 shares of the company’s stock, valued at approximately $8,083,673.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Kathleen Pai also recently made the following trade(s):
- On Monday, June 24th, Kathleen Pai sold 4,709 shares of N-able stock. The shares were sold at an average price of $15.04, for a total transaction of $70,823.36.
N-able Trading Up 0.2 %
N-able stock opened at $14.86 on Thursday. The firm has a 50 day moving average of $13.49 and a 200 day moving average of $13.22. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 106.14 and a beta of 0.47. N-able, Inc. has a 12-month low of $11.50 and a 12-month high of $15.48. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.47.
Institutional Investors Weigh In On N-able
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in N-able by 644.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock valued at $56,000 after buying an additional 3,163 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in N-able during the 1st quarter valued at approximately $148,000. Harbor Capital Advisors Inc. grew its holdings in N-able by 25.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,578 shares of the company’s stock valued at $180,000 after buying an additional 2,744 shares in the last quarter. ProShare Advisors LLC grew its holdings in N-able by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock valued at $184,000 after buying an additional 971 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in N-able during the 3rd quarter valued at approximately $206,000. 96.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price target on shares of N-able in a research report on Wednesday, May 29th.
View Our Latest Research Report on N-able
N-able Company 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.
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