Trexquant Investment LP Has $642,000 Holdings in N-able, Inc. (NYSE:NABL)

Trexquant Investment LP decreased its position in N-able, Inc. (NYSE:NABL - Free Report) by 60.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 68,750 shares of the company's stock after selling 103,462 shares during the period. Trexquant Investment LP's holdings in N-able were worth $642,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of N-able in the fourth quarter worth $3,450,000. Applied Fundamental Research LLC increased its stake in N-able by 32.8% in the 4th quarter. Applied Fundamental Research LLC now owns 1,083,033 shares of the company's stock valued at $10,116,000 after buying an additional 267,399 shares during the last quarter. Edgestream Partners L.P. lifted its position in N-able by 86.5% during the 4th quarter. Edgestream Partners L.P. now owns 417,004 shares of the company's stock worth $3,895,000 after buying an additional 193,387 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of N-able by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 9,330,440 shares of the company's stock worth $87,146,000 after buying an additional 161,725 shares during the last quarter. Finally, Monimus Capital Management LP acquired a new stake in shares of N-able in the fourth quarter valued at about $1,414,000. Institutional investors and hedge funds own 96.35% of the company's stock.

N-able Stock Performance

N-able stock traded down $0.09 during trading hours on Thursday, hitting $6.36. The company had a trading volume of 111,172 shares, compared to its average volume of 698,124. N-able, Inc. has a one year low of $6.21 and a one year high of $15.49. The firm has a market cap of $1.20 billion, a PE ratio of 31.85 and a beta of 0.57. The firm has a 50-day moving average of $8.02 and a 200 day moving average of $9.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01.

N-able declared that its board has authorized a stock repurchase program on Wednesday, March 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NABL has been the subject of several recent research reports. BMO Capital Markets reissued a "market perform" rating and set a $8.50 price target (down from $13.50) on shares of N-able in a research report on Tuesday, March 4th. William Blair restated an "outperform" rating on shares of N-able in a report on Friday, March 14th. Scotiabank increased their price target on shares of N-able from $8.75 to $9.00 and gave the company a "sector perform" rating in a research note on Friday, March 14th. Royal Bank of Canada lowered their price objective on shares of N-able from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 target price on shares of N-able in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, N-able has a consensus rating of "Moderate Buy" and an average price target of $9.38.

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.