PNC Financial Services Group Inc. Boosts Stake in Jamf Holding Corp. (BATS:JAMF)

PNC Financial Services Group Inc. lifted its stake in shares of Jamf Holding Corp. (BATS:JAMFGet Rating) by 54.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,695 shares of the company’s stock after purchasing an additional 12,915 shares during the period. PNC Financial Services Group Inc.’s holdings in Jamf were worth $1,277,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JAMF. KRS Capital Management LLC purchased a new stake in shares of Jamf during the 4th quarter worth approximately $66,000. US Bancorp DE increased its stake in shares of Jamf by 51.4% during the 1st quarter. US Bancorp DE now owns 1,976 shares of the company’s stock worth $68,000 after purchasing an additional 671 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of Jamf during the 4th quarter worth approximately $148,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Jamf during the 1st quarter worth approximately $165,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Jamf during the 1st quarter worth approximately $207,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JAMF shares. Canaccord Genuity Group decreased their price target on shares of Jamf from $52.00 to $41.00 in a research note on Wednesday, May 11th. Barclays cut their price objective on shares of Jamf from $37.00 to $26.00 in a report on Wednesday, May 11th. JMP Securities cut their price objective on shares of Jamf from $59.00 to $39.00 in a report on Wednesday, May 11th. Craig Hallum downgraded shares of Jamf from a “buy” rating to a “hold” rating and cut their price objective for the stock from $31.00 to $29.00 in a report on Friday, August 5th. Finally, Mizuho cut their price objective on shares of Jamf from $34.00 to $32.00 in a report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.10.

Insider Transactions at Jamf

In other news, Director Dean Hager sold 30,006 shares of Jamf stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $27.09, for a total transaction of $812,862.54. Following the completion of the sale, the director now directly owns 320,126 shares of the company’s stock, valued at approximately $8,672,213.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Dean Hager sold 30,006 shares of Jamf stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $27.09, for a total value of $812,862.54. Following the transaction, the director now owns 320,126 shares in the company, valued at approximately $8,672,213.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Linh Lam sold 1,941 shares of Jamf stock in a transaction on Friday, August 26th. The stock was sold at an average price of $25.53, for a total transaction of $49,553.73. Following the completion of the transaction, the insider now owns 113,011 shares in the company, valued at approximately $2,885,170.83. The disclosure for this sale can be found here.

Jamf Stock Up 1.8 %

Shares of BATS:JAMF opened at $22.32 on Thursday. The firm has a 50 day moving average price of $25.32 and a two-hundred day moving average price of $28.32.

Jamf (BATS:JAMFGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $113.16 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s revenue was up 34.1% on a year-over-year basis.

About Jamf

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Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, a software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology.

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Institutional Ownership by Quarter for Jamf (BATS:JAMF)

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