Jamf Holding Corp. (NASDAQ:JAMF) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its position in Jamf Holding Corp. (NASDAQ:JAMF) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,991 shares of the company’s stock after selling 8,809 shares during the period. Raymond James & Associates’ holdings in Jamf were worth $542,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in shares of Jamf by 29.1% during the third quarter. Handelsbanken Fonder AB now owns 18,206 shares of the company’s stock valued at $322,000 after acquiring an additional 4,106 shares during the period. Peregrine Capital Management LLC boosted its stake in Jamf by 15.9% during the 3rd quarter. Peregrine Capital Management LLC now owns 600,151 shares of the company’s stock valued at $10,599,000 after purchasing an additional 82,503 shares in the last quarter. Swiss National Bank increased its position in shares of Jamf by 1.0% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock valued at $1,925,000 after purchasing an additional 1,100 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Jamf by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,538 shares of the company’s stock worth $7,851,000 after buying an additional 49,252 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Jamf in the third quarter valued at $362,000. 93.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JAMF. Barclays lifted their target price on Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Thursday, March 14th. Mizuho dropped their target price on shares of Jamf from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of Jamf in a report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Jamf currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Jamf Price Performance

JAMF stock opened at $19.15 on Friday. Jamf Holding Corp. has a one year low of $14.83 and a one year high of $22.89. The firm has a 50-day moving average of $18.45 and a two-hundred day moving average of $17.93. The firm has a market capitalization of $2.46 billion, a PE ratio of -21.52 and a beta of 0.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The business had revenue of $150.65 million during the quarter, compared to the consensus estimate of $148.34 million. On average, analysts forecast that Jamf Holding Corp. will post -0.03 earnings per share for the current year.

Insider Activity

In related news, insider Beth Tschida sold 7,526 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $18.27, for a total transaction of $137,500.02. Following the transaction, the insider now directly owns 340,422 shares of the company’s stock, valued at $6,219,509.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John Strosahl sold 33,961 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $17.89, for a total transaction of $607,562.29. Following the completion of the sale, the chief executive officer now directly owns 1,101,639 shares in the company, valued at $19,708,321.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Beth Tschida sold 7,526 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $18.27, for a total value of $137,500.02. Following the completion of the transaction, the insider now owns 340,422 shares in the company, valued at approximately $6,219,509.94. The disclosure for this sale can be found here. Insiders sold 185,684 shares of company stock worth $3,316,889 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. 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, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.