Raymond James Financial Inc. Buys New Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Raymond James Financial Inc. purchased a new position in Jamf Holding Corp. (NASDAQ:JAMF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,935 shares of the company’s stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Jamf by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 574,912 shares of the company’s stock worth $8,078,000 after buying an additional 22,646 shares during the last quarter. Versor Investments LP purchased a new position in Jamf in the fourth quarter worth about $142,000. Peregrine Capital Management LLC increased its stake in Jamf by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 530,313 shares of the company’s stock worth $7,451,000 after acquiring an additional 9,331 shares during the last quarter. Rhumbline Advisers raised its position in Jamf by 8.2% during the fourth quarter. Rhumbline Advisers now owns 114,263 shares of the company’s stock valued at $1,605,000 after purchasing an additional 8,667 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after purchasing an additional 2,523 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Stock Down 3.4 %

Shares of NASDAQ JAMF opened at $10.43 on Tuesday. The business has a 50-day moving average of $14.09 and a two-hundred day moving average of $15.06. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -18.96, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Insider Buying and Selling

In related news, insider Elizabeth Benz sold 57,380 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $780,368.00. Following the completion of the transaction, the insider now directly owns 358,775 shares of the company’s stock, valued at $4,879,340. This represents a 13.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Anthony Grabenau sold 9,701 shares of Jamf stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the sale, the chief accounting officer now owns 57,946 shares in the company, valued at approximately $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,618 shares of company stock worth $3,408,105 in the last quarter. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on JAMF. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. William Blair reiterated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $21.00 target price on shares of Jamf in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

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.