Jacobs Levy Equity Management Inc. Decreases Stake in N-able, Inc. $NABL

Jacobs Levy Equity Management Inc. decreased its position in N-able, Inc. (NYSE:NABL) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,457 shares of the company’s stock after selling 6,386 shares during the period. Jacobs Levy Equity Management Inc. owned 0.07% of N-able worth $953,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunriver Management LLC grew its position in shares of N-able by 28.6% during the 1st quarter. Sunriver Management LLC now owns 4,580,663 shares of the company’s stock valued at $32,477,000 after acquiring an additional 1,018,361 shares during the period. Trigran Investments Inc. bought a new position in shares of N-able during the 1st quarter valued at approximately $4,963,000. Edgestream Partners L.P. grew its position in shares of N-able by 89.7% during the 1st quarter. Edgestream Partners L.P. now owns 790,993 shares of the company’s stock valued at $5,608,000 after acquiring an additional 373,989 shares during the period. Crescent Park Management L.P. grew its position in shares of N-able by 37.2% during the 1st quarter. Crescent Park Management L.P. now owns 1,300,489 shares of the company’s stock valued at $9,220,000 after acquiring an additional 352,505 shares during the period. Finally, Millennium Management LLC grew its position in shares of N-able by 48.6% during the 4th quarter. Millennium Management LLC now owns 791,871 shares of the company’s stock valued at $7,396,000 after acquiring an additional 258,979 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Stock Up 3.0%

NABL opened at $8.45 on Friday. The company has a 50 day moving average of $7.98 and a 200 day moving average of $7.71. The company has a market cap of $1.58 billion, a PE ratio of 422.71 and a beta of 0.62. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $13.12. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $131.25 million during the quarter, compared to the consensus estimate of $125.87 million. N-able had a net margin of 0.59% and a return on equity of 4.13%. N-able’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that N-able, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling at N-able

In other N-able news, EVP Michael I. Adler sold 31,728 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total value of $244,940.16. Following the completion of the transaction, the executive vice president directly owned 468,555 shares of the company’s stock, valued at $3,617,244.60. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Johnson sold 34,568 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.70, for a total transaction of $266,173.60. Following the completion of the transaction, the director directly owned 37,424 shares of the company’s stock, valued at approximately $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NABL shares. Scotiabank reissued a “sector perform” rating and set a $8.75 target price (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, N-able has an average rating of “Moderate Buy” and a consensus target price of $9.31.

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.