Jamf Holding Corp. (NASDAQ:JAMF) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,673 shares of the company's stock after selling 60,817 shares during the period. Bank of Montreal Can's holdings in Jamf were worth $642,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew 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 worth $50,000 after acquiring an additional 2,523 shares during the last quarter. Versant Capital Management Inc increased its stake in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after purchasing an additional 795 shares during the period. Versor Investments LP purchased a new stake in shares of Jamf in the fourth quarter valued at about $142,000. Mindset Wealth Management LLC acquired a new stake in shares of Jamf during the fourth quarter worth about $145,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Jamf during the fourth quarter worth about $192,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the sale, the chief accounting officer now owns 57,946 shares of the company's stock, valued at $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Strosahl sold 56,170 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares of the company's stock, valued at $20,931,671.34. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 248,912 shares of company stock valued at $3,355,739. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JAMF. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Mizuho set a $15.00 target price on shares of Jamf in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reduced their price objective on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Jamf presently has a consensus rating of "Moderate Buy" and an average target price of $19.60.

Jamf Price Performance

Shares of JAMF stock traded up $0.23 during trading hours on Wednesday, hitting $10.92. The company's stock had a trading volume of 1,270,894 shares, compared to its average volume of 604,631. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a twelve month low of $9.95 and a twelve month high of $21.41. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -19.86, a P/E/G ratio of 1.02 and a beta of 0.43. The business has a fifty day moving average of $12.88 and a 200-day moving average of $14.51.

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.