AlphaQuest LLC Boosts Position in Jamf Holding Corp. (NASDAQ:JAMF)

AlphaQuest LLC lifted its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 5,521.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,246 shares of the company's stock after purchasing an additional 29,708 shares during the period. AlphaQuest LLC's holdings in Jamf were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised its stake in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after purchasing an additional 1,405 shares during the period. Blue Trust Inc. raised its position in shares of Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after buying an additional 2,523 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock worth $57,000 after buying an additional 795 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after acquiring an additional 1,327 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after acquiring an additional 1,387 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several brokerages have commented on JAMF. Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. JPMorgan Chase & Co. began coverage on Jamf in a report on Thursday, February 6th. They set an "overweight" rating and a $20.00 price objective on the stock. Finally, Piper Sandler cut their target price on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.70.

Jamf Trading Up 2.2 %

JAMF traded up $0.29 during trading on Monday, reaching $13.46. The company had a trading volume of 937,377 shares, compared to its average volume of 544,831. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a 52 week low of $12.90 and a 52 week high of $21.41. The stock has a market cap of $1.74 billion, a P/E ratio of -24.47, a PEG ratio of 1.02 and a beta of 0.39. The business has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $15.65.

Insider Transactions at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the sale, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Jamf 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.