On August 16, 2024, Tim O’Brien, Executive Vice President and Chief Financial Officer of N-able Inc (NYSE:NABL), sold 44,151 shares of the company’s stock. According to the SEC filing, the transaction was performed at a share price of $12.77 per share. Following this transaction, the insider now owns 510,261 shares of N-able Inc.

N-able Inc (NYSE:NABL) 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 worldwide.

Over the last year, Tim O’Brien has sold a total of 144,356 shares and has not purchased any shares of the company. This latest transaction is part of a broader trend observed within the company. Over the last year, there have been 12 insider sales and no insider purchases.

At the time of the last transaction, N-able Inc (NYSE:NABL) had a market capitalization of approximately $2.35 billion. The stock’s price-to-earnings ratio is 74.47, which is higher than the industry median of 25.56. This valuation suggests a premium to the industry average.

The company’s shares are currently trading at a price-GF-Value ratio of 0.89, which means the stock is slightly undervalued with a GF-Value of $14.33. The GF-Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus and the estimates of future business performance provided by Morningstar analysts.

This insider sale may be of interest to investors who track insider behavior as an indicator of the company’s future performance and valuation adjustments. The transaction details and the company’s valuation metrics provide an overview of N-able Inc.’s current financial positioning in the market.

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.