Crestwood Capital Management L.P. Takes Position in Jamf Holding Corp. (NASDAQ:JAMF)

Crestwood Capital Management L.P. bought a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company's stock, valued at approximately $3,470,000. Jamf comprises about 2.7% of Crestwood Capital Management L.P.'s investment portfolio, making the stock its 13th biggest holding. Crestwood Capital Management L.P. owned 0.16% of Jamf at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JAMF. Versant Capital Management Inc boosted its stake in Jamf by 17,830.8% in the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company's stock worth $38,000 after purchasing an additional 2,318 shares in the last quarter. Fifth Third Bancorp acquired a new position in Jamf during the 2nd quarter worth about $45,000. Venturi Wealth Management LLC increased its position in Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock valued at $63,000 after acquiring an additional 1,327 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Jamf by 33.4% in the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company's stock worth $76,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company's stock worth $76,000 after purchasing an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 7,702 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the transaction, the insider now owns 187,438 shares of the company's stock, valued at $3,103,973.28. The trade was a 3.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JAMF. The Goldman Sachs Group started coverage on shares of Jamf in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price target for the company. JMP Securities reaffirmed a "market outperform" rating and set a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Morgan Stanley initiated coverage on shares of Jamf in a research report on Monday, October 14th. They set an "equal weight" rating and a $20.00 target price on the stock. Finally, Canaccord Genuity Group lowered their price target on shares of Jamf from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

Jamf Trading Down 3.3 %

Shares of Jamf stock traded down $0.49 on Tuesday, hitting $14.39. 759,465 shares of the company's stock traded hands, compared to its average volume of 505,692. The firm's 50-day moving average price is $16.53 and its two-hundred day moving average price is $16.93. The stock has a market capitalization of $1.84 billion, a PE ratio of -26.16, a price-to-earnings-growth ratio of 6.19 and a beta of 0.41. Jamf Holding Corp. has a one year low of $14.02 and a one year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

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.