Stanley Laman Group Ltd. Purchases 112,458 Shares of N-able, Inc. (NYSE:NABL)

Stanley Laman Group Ltd. lifted its stake in N-able, Inc. (NYSE:NABL - Free Report) by 52.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 324,864 shares of the company's stock after acquiring an additional 112,458 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.18% of N-able worth $4,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jacobs Levy Equity Management Inc. acquired a new stake in N-able in the first quarter valued at $986,000. Susquehanna Fundamental Investments LLC acquired a new position in N-able during the first quarter worth approximately $848,000. Janus Henderson Group PLC increased its position in N-able by 1,041.3% during the first quarter. Janus Henderson Group PLC now owns 219,311 shares of the company's stock worth $2,866,000 after buying an additional 200,095 shares during the last quarter. Vanguard Group Inc. raised its stake in N-able by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 8,697,270 shares of the company's stock valued at $115,239,000 after buying an additional 284,112 shares during the period. Finally, Applied Fundamental Research LLC acquired a new stake in shares of N-able in the second quarter valued at approximately $2,306,000. Institutional investors own 96.35% of the company's stock.

Insider Buying and Selling at N-able

In related news, CEO John Pagliuca sold 150,956 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the sale, the chief executive officer now owns 1,465,346 shares of the company's stock, valued at $18,712,468.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO John Pagliuca sold 150,956 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the completion of the sale, the chief executive officer now owns 1,465,346 shares of the company's stock, valued at $18,712,468.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter C. Anastos sold 16,000 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $13.04, for a total transaction of $208,640.00. Following the completion of the transaction, the executive vice president now directly owns 322,774 shares in the company, valued at approximately $4,208,972.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 199,351 shares of company stock valued at $2,551,240 in the last quarter. Company insiders own 1.43% of the company's stock.

N-able Stock Performance

Shares of NYSE:NABL traded down $0.16 during trading on Wednesday, reaching $12.38. 250,129 shares of the stock were exchanged, compared to its average volume of 534,935. N-able, Inc. has a 12 month low of $11.50 and a 12 month high of $15.48. The stock has a 50-day moving average price of $12.69 and a 200-day moving average price of $13.21. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.29 billion, a PE ratio of 88.57 and a beta of 0.45.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. N-able had a return on equity of 5.67% and a net margin of 7.19%. The firm had revenue of $119.40 million for the quarter, compared to analyst estimates of $116.83 million. During the same period in the prior year, the firm posted $0.03 EPS. The company's revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a "buy" rating and issued a $16.50 price target on shares of N-able in a research note on Friday, August 9th.

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.