66,297 Shares in Jamf Holding Corp. (NASDAQ:JAMF) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in Jamf Holding Corp. (NASDAQ:JAMF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 66,297 shares of the company’s stock, valued at approximately $931,000. BNP Paribas Financial Markets owned about 0.05% of Jamf as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. purchased a new stake in Jamf during the fourth quarter worth about $158,000. 272 Capital LP acquired a new position in shares of Jamf in the fourth quarter valued at approximately $2,927,000. PDT Partners LLC purchased a new stake in Jamf during the 4th quarter worth approximately $184,000. Schonfeld Strategic Advisors LLC acquired a new stake in Jamf during the 4th quarter worth approximately $163,000. Finally, Northern Trust Corp boosted its position in Jamf by 3.3% in the 4th quarter. Northern Trust Corp now owns 804,030 shares of the company’s stock valued at $11,297,000 after buying an additional 25,613 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

JAMF has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Barclays boosted their target price on Jamf from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Jamf in a research report on Friday, February 28th. Morgan Stanley lowered their price objective on Jamf from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Jamf from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.80.

Insider Activity at Jamf

In related news, CEO John Strosahl sold 56,170 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the transaction, the chief executive officer now owns 1,540,226 shares of the company’s stock, valued at $20,931,671.34. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Beth Tschida sold 88,797 shares of the stock in a transaction that occurred on 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 90 days. 2.70% of the stock is owned by insiders.

Jamf Stock Performance

Shares of JAMF stock opened at $10.74 on Thursday. The stock’s 50-day moving average is $11.67 and its two-hundred day moving average is $13.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $19.05. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -19.53, a PEG ratio of 1.02 and a beta of 0.44.

Jamf (NASDAQ:JAMF) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million during the quarter, compared to analysts’ expectations of $166.22 million. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Jamf Company 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.