N-able director Ann Johnson sells $271k in company stock

Ann Johnson, a director at N-able, Inc. (NYSE:NABL), has recently sold a significant amount of company stock, according to the latest SEC filings. On August 12, 2024, Johnson sold 21,200 shares of N-able common stock at an average price of $12.79 per share, totaling approximately $271,148.

The transactions occurred in multiple parts, with prices ranging from $12.70 to $12.94 for the shares sold. This weighted average price reflects the range of prices at which the stock was disposed of on the market. Following the sale, Johnson still retains 48,797 shares of N-able, Inc., indicating a continued investment in the company despite the recent sell-off.

N-able, Inc., known for its prepackaged software services, has seen its stock undergo various transactions by insiders which are often looked at by investors as signals of confidence in the company's future prospects. The details provided in the SEC filing give a clear picture of the transaction's specifics, including the exact number of shares and the prices at which they were sold.

Investors and interested parties can request additional details about the sale, including the number of shares sold at each specific price point within the reported range, as mentioned in the footnote of the SEC Form 4.

This sale by a director is part of the routine disclosures made by company insiders, offering transparency into the trading activities of high-level executives and board members. The sales and purchases of company stock by insiders are common occurrences and are required to be reported to the SEC to ensure fair disclosure.

For those keeping a close eye on insider transactions, the sale by Johnson represents a noteworthy event in the trading history of N-able, Inc. stock. The remaining stake held by Johnson suggests a vested interest in the company's performance and alignment with shareholder value.

In other recent news, N-able Inc. has reported significant growth in its second quarter of 2024, with revenues reaching $119.4 million, reflecting a 13% year-over-year increase. This growth is largely attributed to the success of the company's security solutions and data protection offerings, with long-term contracts now accounting for 40% of the company's revenue. The company also projects continued growth in its third quarter and full-year guidance.

Furthermore, N-able announced the expansion of its Technology Alliance Program (TAP) with new vendor partnerships. The latest additions to the TAP, including integrations with Cove and N-central products, are designed to streamline workflows and offer managed service providers (MSPs) enhanced monitoring, management, and security of their clients' IT systems.

Despite facing challenges in net dollar retention rate due to changes in pricing, packaging, and contract rationalization, bookings have increased by 20% YoY, driven by new customer acquisition and sales of new products. Looking ahead, N-able plans to continue enhancing its IT management platform and expand its security offerings, while expecting a more normalized net dollar retention rate in the second half of 2025. These developments highlight N-able's commitment to its MSP partners and its focus on growth and security in its service offerings.

InvestingPro Insights

As market participants digest the recent insider sale at N-able, Inc. (NYSE:NABL), a deeper look at the company's financial health and stock performance can offer additional context. According to InvestingPro data, N-able has a market capitalization of $2.38 billion and a relatively high P/E ratio of 74.28, which adjusts to 69.44 when looking at the last twelve months as of Q2 2024. This high P/E ratio is often indicative of investor expectations for future earnings growth, which aligns with the InvestingPro Tip that net income is expected to grow this year.

The company's impressive gross profit margin stands at 84.28% for the same period, underscoring the efficiency of its operations and its ability to retain a significant portion of revenue after accounting for the cost of goods sold. This is a critical metric for investors, as it reflects the company's potential to translate sales into profits.

From a trading perspective, an InvestingPro Tip highlights that the stock's Relative Strength Index (RSI) suggests it is in oversold territory. This technical indicator may attract traders looking for a potential rebound. Additionally, the company's liquid assets exceed its short-term obligations, which points to a solid liquidity position that can reassure investors about the company's ability to meet its immediate financial commitments.

For those interested in a more comprehensive analysis, InvestingPro offers additional tips for N-able, Inc. There are a total of 9 more tips available on the platform, which can provide investors with a richer understanding of the company's valuation, profitability, and market expectations.

While insider transactions like Ann Johnson's sale can offer insights into individual confidence in the company, the broader financial and market data provided by InvestingPro can help investors form a more complete picture of N-able's current standing and future prospects.

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