Applied Fundamental Research LLC Has $10.65 Million Stake in N-able, Inc. (NYSE:NABL)

Applied Fundamental Research LLC increased its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 438.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 815,634 shares of the company's stock after purchasing an additional 664,198 shares during the quarter. N-able makes up approximately 7.0% of Applied Fundamental Research LLC's holdings, making the stock its 7th largest holding. Applied Fundamental Research LLC owned about 0.44% of N-able worth $10,652,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in N-able in the third quarter valued at $346,000. FMR LLC boosted its stake in shares of N-able by 46.3% during the 3rd quarter. FMR LLC now owns 110,698 shares of the company's stock valued at $1,446,000 after purchasing an additional 35,021 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of N-able during the third quarter valued at about $481,000. Algert Global LLC raised its stake in N-able by 73.6% in the third quarter. Algert Global LLC now owns 161,100 shares of the company's stock worth $2,104,000 after buying an additional 68,320 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in N-able in the third quarter worth about $305,000. Hedge funds and other institutional investors own 96.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $16.50 target price on shares of N-able in a report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $15.00 price target on shares of N-able in a research note on Thursday, November 21st. Finally, BMO Capital Markets lowered their price objective on N-able from $14.00 to $13.50 and set a "market perform" rating for the company in a research report on Friday, November 8th.

N-able Stock Down 0.5 %

Shares of NYSE:NABL traded down $0.05 on Tuesday, hitting $10.26. 436,618 shares of the company traded hands, compared to its average volume of 527,825. The company has a market cap of $1.91 billion, a PE ratio of 51.25 and a beta of 0.47. The stock has a 50 day simple moving average of $12.12 and a 200-day simple moving average of $13.05. N-able, Inc. has a 52 week low of $9.98 and a 52 week high of $15.48. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

N-able (NYSE:NABL - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. N-able had a net margin of 8.08% and a return on equity of 6.31%. The firm had revenue of $116.40 million for the quarter, compared to analysts' expectations of $114.75 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts expect that N-able, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at N-able

In related news, EVP Peter C. Anastos sold 16,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $13.04, for a total transaction of $208,640.00. Following the transaction, the executive vice president now owns 322,774 shares in the company, valued at $4,208,972.96. This represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.43% of the company's stock.

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.