GAMMA Investing LLC Boosts Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

GAMMA Investing LLC raised its holdings in Jamf Holding Corp. (NASDAQ:JAMF) by 32,950.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,305 shares of the company’s stock after buying an additional 3,295 shares during the quarter. GAMMA Investing LLC’s holdings in Jamf were worth $40,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its holdings in Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after buying an additional 2,500 shares during the period. Versor Investments LP purchased a new stake in shares of Jamf during the 4th quarter worth about $142,000. Cetera Investment Advisers purchased a new stake in shares of Jamf during the 4th quarter worth about $145,000. Mindset Wealth Management LLC purchased a new stake in shares of Jamf during the 4th quarter worth about $145,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Jamf during the 4th quarter worth about $156,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

Jamf stock opened at $9.22 on Friday. The stock’s 50 day moving average price is $10.62 and its 200 day moving average price is $12.78. Jamf Holding Corp. has a one year low of $8.87 and a one year high of $19.05. The firm has a market capitalization of $1.22 billion, a PE ratio of -24.26, a price-to-earnings-growth ratio of 1.66 and a beta of 0.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08.

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). Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The business had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

JAMF has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Jamf in a report on Wednesday, May 28th. Barclays boosted their target price on Jamf from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 7th. Mizuho set a $15.00 target price on Jamf in a report on Wednesday, April 16th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Jamf in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Insider Buying and Selling at Jamf

In related news, insider Beth Tschida sold 11,878 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total transaction of $122,818.52. Following the sale, the insider now directly owns 475,932 shares of the company’s stock, valued at approximately $4,921,136.88. This represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Strosahl sold 16,125 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.75, for a total value of $173,343.75. Following the sale, the chief executive officer now directly owns 1,524,101 shares in the company, valued at approximately $16,384,085.75. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,957 shares of company stock valued at $755,361 in the last three months. Corporate insiders own 2.70% of the company’s stock.

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.