ExodusPoint Capital Management LP Raises Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

ExodusPoint Capital Management LP grew its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 43.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,323 shares of the company’s stock after purchasing an additional 32,991 shares during the period. ExodusPoint Capital Management LP owned about 0.09% of Jamf worth $2,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of Jamf by 27.6% during the first quarter. US Bancorp DE now owns 4,069 shares of the company’s stock worth $79,000 after buying an additional 880 shares during the period. Stonebridge Capital Advisors LLC increased its stake in shares of Jamf by 67.7% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 4,025 shares of the company’s stock worth $86,000 after buying an additional 1,625 shares during the period. Tower Research Capital LLC TRC increased its stake in Jamf by 320.5% in the first quarter. Tower Research Capital LLC TRC now owns 4,579 shares of the company’s stock valued at $89,000 after purchasing an additional 3,490 shares during the last quarter. Point72 Middle East FZE purchased a new position in Jamf in the fourth quarter valued at approximately $92,000. Finally, ETF Managers Group LLC purchased a new position in Jamf in the first quarter valued at approximately $134,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jamf

In other news, insider Jeff Lendino sold 2,100 shares of Jamf stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $22.03, for a total transaction of $46,263.00. Following the completion of the transaction, the insider now owns 182,101 shares of the company’s stock, valued at approximately $4,011,685.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ian Goodkind sold 32,809 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $22.11, for a total value of $725,406.99. Following the completion of the transaction, the chief financial officer now owns 167,871 shares of the company’s stock, valued at approximately $3,711,627.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff Lendino sold 2,100 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $22.03, for a total transaction of $46,263.00. Following the completion of the transaction, the insider now directly owns 182,101 shares of the company’s stock, valued at approximately $4,011,685.03. The disclosure for this sale can be found here. Insiders sold 102,190 shares of company stock valued at $2,108,710 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Jamf in a report on Wednesday, August 9th. Mizuho decreased their price target on Jamf from $24.00 to $23.00 in a report on Wednesday, August 9th. Royal Bank of Canada reduced their target price on Jamf from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Finally, Barclays decreased their target price on shares of Jamf from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $25.83.

Jamf Trading Up 0.4 %

NASDAQ:JAMF opened at $16.86 on Friday. The company has a market capitalization of $2.11 billion, a PE ratio of -18.33 and a beta of 0.47. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.52. Jamf Holding Corp. has a 52-week low of $16.04 and a 52-week high of $25.69. The stock has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $19.12.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The firm had revenue of $135.09 million for the quarter, compared to analyst estimates of $134.50 million. Jamf had a negative return on equity of 7.26% and a negative net margin of 21.63%. On average, equities research analysts expect that Jamf Holding Corp. will post -0.34 earnings per share for the current fiscal year.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle. 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 Data Policy, a solution to enforce acceptable usage policies that keeps away from risky sites and content; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.