Geode Capital Management LLC Has $24.66 Million Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Geode Capital Management LLC grew its position in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,754,441 shares of the company’s stock after buying an additional 3,101 shares during the quarter. Geode Capital Management LLC owned approximately 1.37% of Jamf worth $24,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in Jamf by 8.0% during the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after purchasing an additional 38,429 shares during the last quarter. SG Americas Securities LLC grew its position in Jamf by 54.0% in the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock valued at $409,000 after acquiring an additional 10,199 shares during the period. Versant Capital Management Inc increased its position in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after purchasing an additional 795 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Jamf in the fourth quarter valued at approximately $231,000. Finally, Blue Trust Inc. boosted its stake in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares in the last quarter. 93.81% of the stock is owned by institutional investors.

Insider Transactions at Jamf

In other news, CEO John Strosahl sold 56,170 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the sale, the chief executive officer now directly owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. This represents a 3.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now directly owns 487,810 shares in the company, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 248,912 shares of company stock valued at $3,355,739. 2.30% of the stock is currently owned by corporate insiders.

Jamf Trading Down 1.5 %

Shares of NASDAQ:JAMF opened at $10.82 on Friday. The business has a 50 day moving average of $13.09 and a 200-day moving average of $14.61. The stock has a market cap of $1.40 billion, a PE ratio of -19.67, a P/E/G ratio of 1.02 and a beta of 0.43. Jamf Holding Corp. has a 12-month low of $9.95 and a 12-month high of $21.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JAMF shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Mizuho set a $15.00 price objective on shares of Jamf in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Piper Sandler decreased their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley lowered their price target on shares of Jamf from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.90.

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.