Jamf Holding Corp. (NASDAQ:JAMF) Shares Bought by Man Group plc

Man Group plc grew its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 40.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,607 shares of the company’s stock after buying an additional 9,110 shares during the quarter. Man Group plc’s holdings in Jamf were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of JAMF. Blue Trust Inc. lifted its holdings in 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 during the period. Canada Pension Plan Investment Board increased its holdings in shares of Jamf by 51.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after purchasing an additional 2,500 shares in the last quarter. Versor Investments LP acquired a new position in shares of Jamf in the 4th quarter valued at $142,000. Mindset Wealth Management LLC acquired a new position in shares of Jamf in the 4th quarter valued at $145,000. Finally, Cetera Investment Advisers purchased a new stake in Jamf during the fourth quarter worth $145,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Insider Activity

In related news, Director Dean Hager sold 36,864 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 $492,871.68. Following the completion of the sale, the director now owns 302,775 shares of the company’s stock, valued at approximately $4,048,101.75. This trade represents a 10.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the transaction, the chief executive officer now owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. The trade was a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock worth $3,355,739 over the last three months. Insiders own 2.70% of the company’s stock.

Jamf Stock Performance

NASDAQ JAMF opened at $10.18 on Tuesday. 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 stock’s 50 day simple moving average is $11.47 and its 200-day simple moving average is $13.56. The company has a market cap of $1.34 billion, a PE ratio of -18.51, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 1-year low of $9.95 and a 1-year high of $19.05.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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. During the same period in the prior year, the company posted $0.14 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho set a $15.00 price objective on shares of Jamf in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. Barclays raised their price objective on Jamf from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.80.

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.