Tower Research Capital LLC TRC Grows Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

Tower Research Capital LLC TRC lifted its position in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 320.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,579 shares of the company’s stock after acquiring an additional 3,490 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Jamf were worth $89,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its stake in shares of Jamf by 2.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 28,719 shares of the company’s stock worth $612,000 after purchasing an additional 770 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Jamf by 2.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 34,663 shares of the company’s stock valued at $738,000 after buying an additional 830 shares in the last quarter. US Bancorp DE raised its holdings in Jamf by 27.6% during the 1st quarter. US Bancorp DE now owns 4,069 shares of the company’s stock valued at $79,000 after acquiring an additional 880 shares during the period. Stonebridge Capital Advisors LLC lifted its position 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 acquiring an additional 1,625 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Jamf by 2.6% in the fourth quarter. Swiss National Bank now owns 87,400 shares of the company’s stock worth $1,862,000 after acquiring an additional 2,200 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

JAMF has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $35.00 price objective on shares of Jamf in a report on Wednesday, August 9th. Mizuho cut their price objective on shares of Jamf from $24.00 to $23.00 in a research report on Wednesday, August 9th. 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 report on Wednesday, August 9th. Finally, Royal Bank of Canada cut their price target on shares of Jamf from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $25.83.

Insiders Place Their Bets

In related news, CFO Ian Goodkind sold 32,809 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $22.11, for a total transaction of $725,406.99. Following the transaction, the chief financial officer now directly owns 167,871 shares of the company’s stock, valued at approximately $3,711,627.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Michelle Bucaria sold 8,396 shares of Jamf stock in a transaction on Friday, June 16th. The shares were sold at an average price of $19.29, for a total value of $161,958.84. Following the transaction, the insider now owns 145,573 shares in the company, valued at approximately $2,808,103.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ian Goodkind sold 32,809 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $22.11, for a total transaction of $725,406.99. Following the sale, the chief financial officer now owns 167,871 shares of the company’s stock, valued at $3,711,627.81. The disclosure for this sale can be found here. Insiders sold a total of 71,452 shares of company stock valued at $1,556,040 over the last 90 days. Insiders own 1.20% of the company’s stock.

Jamf Stock Up 3.0 %

JAMF stock opened at $17.36 on Tuesday. The company’s 50 day moving average is $19.12 and its 200 day moving average is $19.05. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -18.87 and a beta of 0.53. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.52. Jamf Holding Corp. has a 1-year low of $16.04 and a 1-year high of $25.69.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The company had revenue of $135.09 million for the quarter, compared to analysts’ expectations of $134.50 million. Jamf had a negative net margin of 21.63% and a negative return on equity of 7.26%. Sell-side analysts predict that Jamf Holding Corp. will post -0.34 EPS 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.