Peter Anastos, the Executive Vice President, General Counsel and Secretary of N-able Inc (NYSE:NABL), sold 25,010 shares of the company’s stock on August 13, 2024. The transaction was filed with the SEC and states that the shares were sold at a price of $12.81 per piece. Following this transaction, the insider now owns 342,351 shares of N-able Inc.
N-able Inc. specializes in providing cloud-based software solutions to managed service providers, enabling them to support digital transformation and IT service management for small and medium-sized businesses.
Over the past year, Peter Anastos has sold a total of 36,010 shares and purchased no shares. The company’s insider transaction history shows a trend with 0 insider purchases and 11 insider sales over the past year.
On the day of the sale, N-able Inc. shares were trading at $12.81, giving the company a market capitalization of approximately $2.36 billion. The stock’s price-to-earnings ratio is 74.94, which is above the industry median of 25.285.
The GF Value of the stock is estimated at $14.31, which suggests that N-able Inc. is slightly undervalued at a price of $12.81 with a Price to GF Value ratio of 0.9.
The GF Value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analyst estimates of future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into insider confidence and stock valuation based on recent market conditions and internal assessments of the company’s value.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
