Edgestream Partners L.P. bought a new stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 111,651 shares of the company's stock, valued at approximately $1,569,000. Edgestream Partners L.P. owned about 0.09% of Jamf at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Jamf by 130.9% in the third 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 last quarter. Blue Trust Inc. raised its holdings in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc grew its position in Jamf by 24.5% during the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after buying an additional 795 shares during the period. Venturi Wealth Management LLC grew its position in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock valued at $63,000 after buying an additional 1,327 shares during the period. Finally, Assetmark Inc. grew its position 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 buying an additional 1,387 shares during the period. Hedge funds and other institutional investors own 93.81% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on JAMF shares. JPMorgan Chase & Co. started coverage on shares of Jamf in a research report on Thursday, February 6th. They set an "overweight" rating and a $20.00 price target for the company. Needham & Company LLC restated 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 reduced their price target on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Barclays reduced their price target on shares of Jamf from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.70.
Check Out Our Latest Analysis on JAMF
Jamf Price Performance
Shares of JAMF stock traded up $0.25 during trading hours on Friday, reaching $13.17. The stock had a trading volume of 768,920 shares, compared to its average volume of 543,403. The stock's fifty day simple moving average is $14.66 and its 200 day simple moving average is $15.73. 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 12 month low of $12.90 and a 12 month high of $21.41. The firm has a market capitalization of $1.70 billion, a PE ratio of -23.95, a PEG ratio of 1.02 and a beta of 0.39.
Insider Activity
In related news, CAO Anthony Grabenau sold 3,706 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were 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 of the company's stock, valued at $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.
About Jamf
(
Free Report)
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.
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