N-able, Inc. (NYSE:NABL) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its position in N-able, Inc. (NYSE:NABL - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,995 shares of the company's stock after selling 66,869 shares during the period. Stanley Laman Group Ltd. owned about 0.14% of N-able worth $2,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in N-able by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,369 shares of the company's stock worth $645,000 after buying an additional 3,662 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of N-able by 169.1% in the third quarter. Exchange Traded Concepts LLC now owns 135,799 shares of the company's stock worth $1,774,000 after acquiring an additional 85,326 shares during the last quarter. Entropy Technologies LP purchased a new stake in N-able in the third quarter valued at approximately $149,000. Aigen Investment Management LP increased its position in N-able by 38.4% during the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company's stock worth $182,000 after purchasing an additional 3,863 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in N-able by 14.4% during the third quarter. Victory Capital Management Inc. now owns 55,497 shares of the company's stock worth $725,000 after purchasing an additional 7,000 shares during the period. Hedge funds and other institutional investors own 96.35% of the company's stock.

N-able Stock Down 2.2 %

Shares of NABL traded down $0.22 during midday trading on Monday, reaching $9.94. 580,588 shares of the company were exchanged, compared to its average volume of 741,591. 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, Inc. has a 1-year low of $8.91 and a 1-year high of $15.48. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 49.69 and a beta of 0.42. The stock has a 50-day moving average price of $9.67 and a 200-day moving average price of $11.31.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of N-able from $11.20 to $11.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada dropped their price target on N-able from $15.00 to $12.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets reduced their price objective on N-able from $14.00 to $13.50 and set a "market perform" rating on the stock in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $16.50 target price on shares of N-able in a research report on Friday, November 22nd.

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.