Invesco Ltd. Reduces Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Invesco Ltd. lessened its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,530 shares of the company’s stock after selling 1,117 shares during the period. Invesco Ltd.’s holdings in Jamf were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Jamf by 24.5% during the fourth 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. Sei Investments Co. increased its position in shares of Jamf by 2.0% during the fourth quarter. Sei Investments Co. now owns 109,654 shares of the company’s stock worth $1,541,000 after acquiring an additional 2,104 shares during the period. Blue Trust Inc. raised its stake in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after acquiring an additional 2,523 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Jamf by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 153,736 shares of the company’s stock valued at $2,192,000 after purchasing an additional 5,171 shares during the period. Finally, Dakota Wealth Management grew its stake in Jamf by 44.6% during the 4th quarter. Dakota Wealth Management now owns 17,015 shares of the company’s stock worth $239,000 after purchasing an additional 5,249 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

JAMF has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Barclays cut their price target on shares of Jamf from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada reduced their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Mizuho set a $15.00 price objective on Jamf in a research report on Wednesday, April 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Jamf currently has an average rating of “Moderate Buy” and an average target price of $19.60.

Insiders Place Their Bets

In other news, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares in the company, valued at $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anthony Grabenau sold 9,701 shares of Jamf stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the transaction, the chief accounting officer now directly owns 57,946 shares in the company, valued at $788,065.60. This represents a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,912 shares of company stock worth $3,355,739. 2.30% of the stock is currently owned by company insiders.

Jamf Price Performance

Shares of NASDAQ:JAMF opened at $11.57 on Friday. The firm has a market cap of $1.50 billion, a P/E ratio of -21.04, 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 business has a fifty day simple moving average of $12.34 and a 200 day simple moving average of $14.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Jamf Profile

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.