Y Intercept Hong Kong Ltd Sells 19,986 Shares of N-able, Inc. (NYSE:NABL)

Y Intercept Hong Kong Ltd cut its stake in shares of N-able, Inc. (NYSE:NABL) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,747 shares of the company’s stock after selling 19,986 shares during the period. Y Intercept Hong Kong Ltd’s holdings in N-able were worth $315,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of N-able by 95.5% during the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock valued at $29,000 after purchasing an additional 1,528 shares during the last quarter. KBC Group NV increased its position in shares of N-able by 104.7% during the 4th quarter. KBC Group NV now owns 5,490 shares of the company’s stock valued at $51,000 after purchasing an additional 2,808 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of N-able during the 4th quarter valued at $104,000. Verition Fund Management LLC purchased a new stake in shares of N-able during the 3rd quarter valued at $146,000. Finally, Entropy Technologies LP purchased a new stake in shares of N-able during the 3rd quarter valued at $149,000. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NABL. Royal Bank of Canada decreased their target price on N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC decreased their target price on N-able from $16.50 to $10.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank decreased their target price on N-able from $11.20 to $11.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price objective on N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Friday, November 8th.

N-able Trading Down 28.2 %

Shares of NABL opened at $7.20 on Tuesday. The business has a 50-day moving average of $9.62 and a 200 day moving average of $11.05. N-able, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $15.48. The firm has a market cap of $1.34 billion, a P/E ratio of 36.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01.

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.