ExodusPoint Capital Management LP Acquires Shares of 86,973 Jamf Holding Corp. (NASDAQ:JAMF)

ExodusPoint Capital Management LP purchased a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 86,973 shares of the company's stock, valued at approximately $1,222,000. ExodusPoint Capital Management LP owned 0.07% of Jamf at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after acquiring an additional 841,239 shares during the period. Clearbridge Investments LLC increased its position in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after purchasing an additional 409,531 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Jamf by 33.3% in the 4th quarter. Blair William & Co. IL now owns 227,151 shares of the company's stock worth $3,191,000 after purchasing an additional 56,699 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Jamf by 50.8% in the fourth quarter. Prudential Financial Inc. now owns 179,715 shares of the company's stock worth $2,667,000 after buying an additional 60,575 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Jamf by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock valued at $123,030,000 after buying an additional 114,036 shares during the period. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. JPMorgan Chase & Co. started coverage on Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. Piper Sandler reduced their price target on Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Barclays lowered their price objective on Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Jamf presently has a consensus rating of "Moderate Buy" and an average target price of $21.30.

Jamf Price Performance

JAMF traded up $0.05 on Tuesday, hitting $11.09. 62,120 shares of the company's stock traded hands, compared to its average volume of 596,781. The company's 50 day simple moving average is $13.48 and its 200-day simple moving average is $14.75. 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 one year low of $9.95 and a one year high of $21.41. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -20.15, a P/E/G ratio of 1.02 and a beta of 0.43.

Insider Buying and Selling at Jamf

In other Jamf news, insider Elizabeth Benz sold 57,380 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $780,368.00. Following the completion of the transaction, the insider now owns 358,775 shares of the company's stock, valued at $4,879,340. This represents a 13.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anthony Grabenau sold 3,706 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the transaction, the chief accounting officer now owns 33,479 shares of the company's stock, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,618 shares of company stock valued at $3,408,105 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

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.