Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. N-able Inc shares valued at $208,640 were sold by Anastos Peter C on Aug 29 ’24. At $13.04 per share, Anastos Peter C sold 16,000 shares. The insider’s holdings dropped to 322,774 shares worth approximately $3.19 million following the completion of this transaction.
Also, Anastos Peter C purchased 16,000 shares, netting a total of over 209,600 in proceeds.
Before that, O’Brien Tim James had sold 44,151 shares from its account. In a trade valued at $563,808, the EVP, Chief Financial Officer traded N-able Inc shares for $12.77 each. Upon closing the transaction, the insider’s holdings decreased to 44,151 shares, worth approximately $5.04 million.
As published in a research note from BMO Capital Markets on November 08, 2024, N-able Inc [NABL] has been retained to a Market perform and the price target has been revised to $13.50. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of December 29, 2021, Needham has reiterated its “Buy” rating for NABL. Earlier on October 05, 2021, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for NABL stock.
Analyzing NABL Stock Performance
During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, N-able Inc shares have jumped approximately 5.67%. Shares of the company reached a 52-week high of $9.94 on 02/05/25 and a 52-week low of $8.91 on 01/13/25. A 50-day SMA is recorded $9.79, while a 200-day SMA reached $12.22. Nevertheless, trading volume fell to 1.01 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for N-able Inc (NABL)
According to the 24-hour chart, there is a support level at 9.81, which, if violated, would cause prices to drop to 9.75. In the upper region, resistance lies at 9.94. The next price resistance is at 10.00. RSI (Relative Strength Index) is 58.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 8.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
