Charles Schwab Investment Management Inc. Has $8.08 Million Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Charles Schwab Investment Management Inc. increased its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 574,912 shares of the company's stock after purchasing an additional 22,646 shares during the period. Charles Schwab Investment Management Inc. owned 0.45% of Jamf worth $8,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Jamf in the 4th quarter worth approximately $142,000. Peregrine Capital Management LLC raised its holdings in shares of Jamf by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 530,313 shares of the company's stock worth $7,451,000 after purchasing an additional 9,331 shares during the period. Rhumbline Advisers lifted its position in shares of Jamf by 8.2% in the 4th quarter. Rhumbline Advisers now owns 114,263 shares of the company's stock worth $1,605,000 after buying an additional 8,667 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Jamf by 238.0% in the 4th 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 period. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Jamf during the 4th quarter valued at about $231,000. 93.81% of the stock is owned by institutional investors.

Jamf Price Performance

Shares of NASDAQ:JAMF traded up $0.04 during trading hours on Thursday, hitting $12.99. 526,526 shares of the company's stock traded hands, compared to its average volume of 556,934. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company's fifty day simple moving average is $14.51 and its two-hundred day simple moving average is $15.40. Jamf Holding Corp. has a 52 week low of $12.73 and a 52 week high of $21.41. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -23.62, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39.

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Analyst Ratings Changes

A number of brokerages have issued reports on JAMF. JPMorgan Chase & Co. started coverage on shares of Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. William Blair restated an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Finally, Piper Sandler cut their price objective on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.30.

Insiders Place Their Bets

In other news, CAO Anthony Grabenau sold 9,701 shares of the business's 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 directly owns 57,946 shares of the company's stock, valued at $788,065.60. The trade was a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the completion of the transaction, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 252,618 shares of company stock worth $3,408,105. 2.30% of the stock is owned by insiders.

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.