AtonRa Partners Trims Stake in N-able, Inc. (NYSE:NABL)

AtonRa Partners lowered its holdings in N-able, Inc. (NYSE:NABL) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,503 shares of the company’s stock after selling 2,867 shares during the period. AtonRa Partners’ holdings in N-able were worth $205,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in N-able by 1.0% in the third quarter. Vanguard Group Inc. now owns 8,413,158 shares of the company’s stock valued at $108,530,000 after purchasing an additional 80,385 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of N-able by 221.8% during the 3rd quarter. Jump Financial LLC now owns 73,922 shares of the company’s stock worth $954,000 after acquiring an additional 50,948 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of N-able by 91.3% during the 3rd quarter. Quadrature Capital Ltd now owns 21,433 shares of the company’s stock worth $276,000 after acquiring an additional 10,229 shares during the last quarter. SG Americas Securities LLC purchased a new position in N-able in the fourth quarter worth $763,000. Finally, MQS Management LLC bought a new position in N-able in the third quarter valued at $178,000. Institutional investors own 96.35% of the company’s stock.

N-able Trading Down 1.2 %

NYSE:NABL traded down $0.15 during trading hours on Tuesday, reaching $12.24. The company’s stock had a trading volume of 62,682 shares, compared to its average volume of 502,773. The firm has a 50-day simple moving average of $12.87 and a 200-day simple moving average of $12.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.75 and a current ratio of 2.75. N-able, Inc. has a 1 year low of $11.50 and a 1 year high of $15.44. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 102.01 and a beta of 0.38.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $108.42 million for the quarter, compared to the consensus estimate of $106.86 million. N-able had a return on equity of 4.20% and a net margin of 5.55%. Research analysts expect that N-able, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NABL has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price target on shares of N-able in a research note on Thursday, February 22nd. Royal Bank of Canada raised their price objective on N-able from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, February 23rd.

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.