Edgestream Partners L.P. Invests $1.19 Million in Jamf Holding Corp. $JAMF

Edgestream Partners L.P. purchased a new stake in Jamf Holding Corp. (NASDAQ:JAMF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 125,320 shares of the company’s stock, valued at approximately $1,192,000. Edgestream Partners L.P. owned approximately 0.10% of Jamf at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in Jamf by 148.7% during the first quarter. Quarry LP now owns 6,505 shares of the company’s stock worth $79,000 after buying an additional 3,889 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Jamf during the 2nd quarter worth $97,000. Savant Capital LLC acquired a new position in shares of Jamf during the 2nd quarter valued at about $97,000. Creative Planning purchased a new stake in shares of Jamf in the second quarter valued at about $101,000. Finally, Versor Investments LP grew its holdings in shares of Jamf by 19.8% in the first 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 during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. William Blair lowered shares of Jamf from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. JMP Securities lowered their price objective on Jamf from $27.00 to $18.00 and set a “market outperform” rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $13.00 price objective (up from $12.00) on shares of Jamf in a research report on Monday, November 3rd. Mizuho downgraded shares of Jamf from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Canaccord Genuity Group lowered shares of Jamf from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $13.05 in a research note on Wednesday, October 29th.

Jamf Stock Up 0.1%

Jamf stock opened at $12.97 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.87. Jamf Holding Corp. has a fifty-two week low of $7.09 and a fifty-two week high of $16.12. The stock has a 50-day simple moving average of $11.80 and a 200-day simple moving average of $10.19. The company has a market capitalization of $1.74 billion, a P/E ratio of -40.53, a PEG ratio of 2.54 and a beta of 0.46.

Jamf (NASDAQ:JAMF) last announced its earnings results on Monday, November 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $183.49 million for the quarter, compared to analyst estimates of $177.15 million. Jamf had a negative net margin of 5.98% and a positive return on equity of 4.43%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts expect that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

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

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.