Algert Global LLC Boosts Position in N-able, Inc. (NYSE:NABL)

Algert Global LLC grew its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 73.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,100 shares of the company's stock after acquiring an additional 68,320 shares during the period. Algert Global LLC owned about 0.09% of N-able worth $2,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in N-able by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 8,813,563 shares of the company's stock worth $115,193,000 after purchasing an additional 116,293 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of N-able by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company's stock worth $47,427,000 after buying an additional 371,013 shares in the last quarter. Sea Cliff Partners Management LP boosted its stake in N-able by 11.8% during the second quarter. Sea Cliff Partners Management LP now owns 2,146,965 shares of the company's stock valued at $32,698,000 after buying an additional 226,532 shares during the last quarter. Scalar Gauge Management LLC purchased a new position in N-able during the 2nd quarter valued at approximately $10,650,000. Finally, Renaissance Technologies LLC increased its stake in N-able by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 599,400 shares of the company's stock worth $9,129,000 after acquiring an additional 25,966 shares during the last quarter. Institutional investors own 96.35% of the company's stock.

N-able Trading Up 0.3 %

Shares of NYSE NABL traded up $0.03 during trading hours on Thursday, hitting $10.28. 492,099 shares of the company traded hands, compared to its average volume of 527,743. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 51.40 and a beta of 0.47. The company's 50 day moving average price is $12.02 and its 200 day moving average price is $13.02. N-able, Inc. has a 12 month low of $9.98 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 0.43.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NABL shares. Royal Bank of Canada reiterated an "outperform" rating and set a $15.00 target price on shares of N-able in a research report on Thursday, November 21st. Needham & Company LLC reissued a "buy" rating and issued a $16.50 price objective on shares of N-able in a research note on Friday, November 22nd. Finally, BMO Capital Markets decreased their target price on shares of N-able from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Friday, November 8th.

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.