Geode Capital Management LLC Sells 218,419 Shares of Jamf Holding Corp. $JAMF

Geode Capital Management LLC lowered its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 12.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,606,619 shares of the company’s stock after selling 218,419 shares during the period. Geode Capital Management LLC owned approximately 1.22% of Jamf worth $15,280,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quarry LP grew its holdings in Jamf by 148.7% in the 1st quarter. Quarry LP now owns 6,505 shares of the company’s stock valued at $79,000 after buying an additional 3,889 shares during the last quarter. Savant Capital LLC acquired a new position in Jamf in the second quarter valued at about $97,000. Versor Investments LP increased its holdings in Jamf by 19.8% during the 1st quarter. Versor Investments LP now owns 12,100 shares of the company’s stock valued at $147,000 after purchasing an additional 2,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Jamf in the second quarter valued at about $115,000. Finally, MQS Management LLC acquired a new position in shares of Jamf during the second quarter worth approximately $127,000. 93.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Jamf

In other news, CEO John Strosahl sold 43,650 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $9.88, for a total transaction of $431,262.00. Following the transaction, the chief executive officer owned 1,480,451 shares in the company, valued at approximately $14,626,855.88. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linh Lam sold 3,210 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $9.95, for a total value of $31,939.50. Following the transaction, the insider directly owned 250,308 shares in the company, valued at approximately $2,490,564.60. This trade represents a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.70% of the stock is owned by insiders.

Jamf Trading Up 0.2%

JAMF opened at $12.96 on Tuesday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -33.23, a PEG ratio of 2.81 and a beta of 0.41. Jamf Holding Corp. has a fifty-two week low of $7.09 and a fifty-two week high of $16.16. The company’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $10.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.45.

Jamf (NASDAQ:JAMF) last announced its earnings results on Monday, November 10th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The firm had revenue of $183.49 million for the quarter, compared to the consensus estimate of $177.15 million. During the same period in the previous year, the business earned $0.16 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

JAMF has been the topic of several recent research reports. Wall Street Zen lowered shares of Jamf from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Mizuho downgraded Jamf from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Needham & Company LLC lowered shares of Jamf from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of Jamf in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $13.00 price objective (up from $12.00) on shares of Jamf in a research note on Monday, November 3rd.

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.