SCHEDULE: Vanguard Group Discloses 5.35% Passive Stake in N-able Inc.

The Vanguard Group has reported a passive beneficial ownership of 5.35% in N-able Inc.'s common stock, totaling over 10 million shares.

Summary

• The Vanguard Group, based in Malvern, PA, has filed a Schedule 13G indicating beneficial ownership in N-able Inc./US.
• The filing reports an aggregate beneficial ownership of 10,133,577 shares of N-able Inc. common stock.
• This ownership represents 5.35% of the class of securities.
• Vanguard holds sole voting power over 0 shares, shared voting power over 47,071 shares, sole dispositive power over 10,000,613 shares, and shared dispositive power over 132,964 shares.
• The filing was made pursuant to Rule 13d-1(b), classifying Vanguard as an Investment Adviser (IA).
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of N-able Inc.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of passive beneficial ownership by an institutional investor and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

NA

Stakeholder Impact

• Shareholders: Disclosure of a significant passive stake by a major institutional investor like Vanguard can provide a degree of validation or stability regarding the company's stock.

Key Dates

Keywords

N-able Inc, Vanguard Group, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Passive Investment