On August 12, 2024, John Pagliuca, President and CEO of N-able Inc (NYSE:NABL), performed a significant transaction by selling 150,956 shares of the company’s stock. The sale was documented in an SEC filing. Following this transaction, the insider now owns 1,465,346 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 last year, John Pagliuca has sold a total of 189,850 shares and has not purchased any shares of the company. This recent sale is part of a broader trend seen within the company. Over the last year, there have been 9 insider sales and no insider purchases.
N-able Inc. shares were trading at $12.77 on the day of the transaction. The company has a market capitalization of around $2.37 billion. The price-to-earnings ratio is 75.29, which is above the industry average of 25.17.
The stock’s valuation relative to its GF Value of $14.32 suggests it is slightly undervalued with a Price to GF Value ratio of 0.89. The GF Value is calculated by taking into account historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and future business development estimates from Morningstar analysts.
This insider selling activity may be of interest to current and prospective investors as it provides insight into executive sentiment and potential future stock performance.
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.
