Jamf Holding Corp. (NASDAQ:JAMF) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 52.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,717 shares of the company’s stock after purchasing an additional 15,454 shares during the period. Wells Fargo & Company MN’s holdings in Jamf were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings 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 buying an additional 2,523 shares during the period. Versant Capital Management Inc boosted its position in Jamf by 24.5% in 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. Versor Investments LP acquired a new stake in shares of Jamf during the 4th quarter worth approximately $142,000. Mindset Wealth Management LLC purchased a new stake in Jamf during the fourth quarter worth $145,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Jamf during the fourth quarter valued at $192,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jamf

In other Jamf news, Director Dean Hager sold 36,864 shares of Jamf stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the sale, the director now owns 302,775 shares in the company, valued at $4,048,101.75. The trade was a 10.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Beth Tschida sold 88,797 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares of the company’s stock, valued at $6,522,019.70. The trade was a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 248,912 shares of company stock worth $3,355,739 in the last three months. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on JAMF. William Blair restated an “outperform” rating on shares of Jamf in a research report on Friday, February 28th. Royal Bank of Canada cut their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Jamf from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Finally, Morgan Stanley decreased 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, April 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Jamf has an average rating of “Moderate Buy” and a consensus price target of $19.60.

Jamf Price Performance

JAMF stock opened at $11.48 on Friday. 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. The firm has a market capitalization of $1.49 billion, a PE ratio of -20.87, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. The business has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $14.23.

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.