5 Best Value Penny Stocks to Buy According to Hedge Funds

3. N-Able Inc. (NYSE:NABL)

Number of Hedge Fund Holders: 25

N-Able Inc. (NYSE:NABL) is one of the best value penny stocks to buy according to hedge funds. On June 23, N-able launched Shadow AI Visibility across its N-central, N-sight, and Adlumin platforms to help organizations track and manage unauthorized AI tool usage. This tool provides identity-attributed insights into how AI applications and services are being used across endpoints without needing extra infrastructure. By closing this security blind spot, it enables IT and security teams to improve governance, compliance, and responsible AI adoption.

Furthermore, on June 2, N-able announced its flagship customer conference, Empower 2027, scheduled for September 20–22, 2027, in Scottsdale, Arizona. The event will gather IT professionals and managed service providers from around the world to focus on critical industry themes, including cybersecurity, automation, and AI. To make this experience more accessible, the company is simultaneously launching a global regional series titled “Empower on the Move.”

These events will take place in major cities, including Manchester, Frankfurt, Johannesburg, and Melbourne, beginning in June 2026. Unlike traditional roadshows, these regional gatherings will feature hands-on technical training, executive participation, and localized programming. By expanding the Empower experience, N-Able Inc. (NYSE:NABL) aims to foster stronger peer collaboration and provide actionable business strategies that customers can implement immediately within their own organizations.

N-Able Inc. (NYSE:NABL) is a Massachusetts-based global software company that offers enterprise-oriented services, including backup and data protection, remote monitoring and management, threat hunting, and others to small- and medium-sized businesses.