Empowered Funds LLC Invests $1.22 Million in Jamf Holding Corp. (NASDAQ:JAMF)

Empowered Funds LLC acquired a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 70,142 shares of the company's stock, valued at approximately $1,217,000. Empowered Funds LLC owned approximately 0.05% of Jamf at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EVR Research LP lifted its holdings in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company's stock valued at $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company's stock valued at $16,760,000 after acquiring an additional 982,764 shares during the last quarter. Kopp LeRoy C acquired a new position in shares of Jamf in the 1st quarter worth approximately $7,385,000. Principal Financial Group Inc. grew its position in Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock worth $24,190,000 after acquiring an additional 306,558 shares during the last quarter. Finally, Washington Harbour Partners LP acquired a new stake in Jamf during the 1st quarter valued at $2,628,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Jamf news, insider Linh Lam sold 7,702 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 187,438 shares of the company's stock, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Jamf Trading Up 0.8 %

NASDAQ JAMF traded up $0.11 during trading hours on Friday, hitting $14.47. The company's stock had a trading volume of 482,706 shares, compared to its average volume of 565,533. The stock has a fifty day moving average of $16.64 and a 200 day moving average of $17.02. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a twelve month low of $14.02 and a twelve month high of $21.41. The firm has a market capitalization of $1.85 billion, a P/E ratio of -26.31, a PEG ratio of 6.14 and a beta of 0.41.

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.