On August 12, 2024, Ann Johnson, Director at N-able Inc (NYSE:NABL), completed a sale of 21,200 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 48,797 shares of N-able Inc.
N-able Inc (NYSE:NABL) specializes in providing cloud-based software solutions to managed service providers that enable them to support digital transformation and IT service management for small and medium-sized businesses.
The shares were sold at a price of $12.79 apiece, representing a transaction value of approximately $270,748. This sale is part of a broader trend observed over the past year, when N-able Inc. saw no insider purchases but nine insider sales.
The current market capitalization of N-able Inc. is approximately $2.37 billion. The stock’s price-to-earnings ratio is 75.29, which is higher than the industry average of 25.17. Despite this higher ratio, the stock is considered slightly undervalued with a GF value of $14.32 and a price-to-earnings ratio of 0.89.
Valuation metrics such as price-to-earnings ratio as well as other historical multiples such as price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio are taken into account in the GF Value calculation. This intrinsic value estimate also includes 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 investors who follow insider behavior as an indicator of the level of confidence regarding the company’s current valuation and future prospects.
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.
