Aigen Investment Management LP Increases Stock Position in N-able, Inc. (NYSE:NABL)

Aigen Investment Management LP boosted its stake in N-able, Inc. (NYSE:NABL) by 196.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,319 shares of the company’s stock after acquiring an additional 27,404 shares during the period. Aigen Investment Management LP’s holdings in N-able were worth $386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Applied Fundamental Research LLC lifted its position in N-able by 438.6% in the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock valued at $10,652,000 after acquiring an additional 664,198 shares during the last quarter. Barclays PLC lifted its position in N-able by 398.2% in the third quarter. Barclays PLC now owns 143,095 shares of the company’s stock valued at $1,869,000 after acquiring an additional 114,374 shares during the last quarter. Conestoga Capital Advisors LLC purchased a new stake in shares of N-able in the fourth quarter valued at about $1,006,000. Algert Global LLC raised its holdings in shares of N-able by 73.6% in the third quarter. Algert Global LLC now owns 161,100 shares of the company’s stock valued at $2,104,000 after buying an additional 68,320 shares during the last quarter. Finally, Atom Investors LP raised its holdings in shares of N-able by 59.2% in the third quarter. Atom Investors LP now owns 156,126 shares of the company’s stock valued at $2,039,000 after buying an additional 58,087 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

N-able Trading Down 1.4 %

Shares of N-able stock opened at $7.36 on Friday. N-able, Inc. has a 52-week low of $6.75 and a 52-week high of $15.48. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The company’s 50-day simple moving average is $9.48 and its 200-day simple moving average is $10.96. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 36.78 and a beta of 0.41.

Wall Street Analysts Forecast Growth

NABL has been the subject of a number of research reports. Needham & Company LLC reduced their target price on shares of N-able from $16.50 to $10.00 and set a “buy” rating for the company in a report on Monday, March 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $8.50 target price (down from $13.50) on shares of N-able in a report on Tuesday. Scotiabank reduced their target price on shares of N-able from $11.00 to $8.75 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada reduced their target price on shares of N-able from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday.

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.