Clearbridge Investments LLC Has $34.21 Million Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Clearbridge Investments LLC boosted its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,434,960 shares of the company's stock after purchasing an additional 409,531 shares during the period. Clearbridge Investments LLC owned about 1.91% of Jamf worth $34,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JAMF. Quarry LP boosted its holdings in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after buying an additional 1,405 shares during the last quarter. Blue Trust Inc. raised its position in 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 in the last quarter. Versant Capital Management Inc lifted 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 acquiring an additional 795 shares during the last quarter. Versor Investments LP bought a new position in shares of Jamf in the 4th quarter valued at about $142,000. Finally, Mindset Wealth Management LLC acquired a new position in shares of Jamf during the 4th quarter worth about $145,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on JAMF shares. Barclays dropped their price objective on Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Morgan Stanley started coverage on Jamf in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $16.00 price target on the stock. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Jamf has an average rating of "Moderate Buy" and an average price target of $21.30.

Insider Activity

In other Jamf news, CEO John Strosahl sold 56,170 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $20,931,671.34. The trade was a 3.52 % 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 the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the completion of the sale, the insider now directly owns 487,810 shares in the company, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 252,618 shares of company stock worth $3,408,105. 2.30% of the stock is currently owned by company insiders.

Jamf Stock Performance

Shares of NASDAQ:JAMF traded down $0.80 on Friday, reaching $10.80. 880,055 shares of the company's stock were exchanged, compared to its average volume of 582,999. The company has a fifty day moving average of $14.18 and a 200-day moving average of $15.12. Jamf Holding Corp. has a twelve month low of $10.67 and a twelve month high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -19.64, a PEG ratio of 1.02 and a beta of 0.43.

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.