EVR Research LP Decreases Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

EVR Research LP lessened its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,310,000 shares of the company's stock after selling 540,000 shares during the period. Jamf makes up 6.2% of EVR Research LP's portfolio, making the stock its 3rd biggest position. EVR Research LP owned approximately 1.03% of Jamf worth $18,406,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after buying an additional 841,239 shares during the period. Clearbridge Investments LLC increased its stake in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after acquiring an additional 409,531 shares during the period. Principal Financial Group Inc. increased its position in shares of 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 purchasing an additional 306,558 shares in the last quarter. Geode Capital Management LLC grew its holdings in Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after acquiring an additional 134,314 shares during the last quarter. Finally, Renaissance Group LLC boosted its stake in shares of Jamf by 62.8% in the 4th quarter. Renaissance Group LLC now owns 305,869 shares of the company's stock valued at $4,297,000 after purchasing an additional 117,994 shares during the last quarter. Institutional investors own 93.81% of the company's stock.

Jamf Stock Performance

Shares of NASDAQ JAMF traded down $0.14 during mid-day trading on Thursday, reaching $10.85. 207,075 shares of the company were exchanged, compared to its average volume of 598,991. Jamf Holding Corp. has a twelve month low of $9.95 and a twelve month high of $21.41. The stock has a market capitalization of $1.40 billion, a P/E ratio of -19.75, a P/E/G ratio of 1.02 and a beta of 0.43. The company's 50-day simple moving average is $13.29 and its 200-day simple moving average is $14.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the firm'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 transaction, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. This trade represents a 14.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Strosahl sold 56,170 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the transaction, the chief executive officer now owns 1,540,226 shares in the company, valued at $20,931,671.34. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,912 shares of company stock valued at $3,355,739. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on JAMF. Royal Bank of Canada lowered their target price on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Mizuho set a $15.00 price objective on shares of Jamf in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley decreased their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Piper Sandler reduced their price target on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jamf presently has a consensus rating of "Moderate Buy" and an average target price of $19.90.

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.