Jamf Holding Corp. (NASDAQ:JAMF) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 376,775 shares of the company's stock after selling 139,860 shares during the quarter. Franklin Resources Inc. owned approximately 0.30% of Jamf worth $5,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock worth $57,000 after buying an additional 795 shares during the last quarter. Sei Investments Co. raised its stake in Jamf by 2.0% during the 4th quarter. Sei Investments Co. now owns 109,654 shares of the company's stock valued at $1,541,000 after buying an additional 2,104 shares during the last quarter. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 2,523 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Jamf by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company's stock worth $775,000 after buying an additional 3,154 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Jamf by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 153,736 shares of the company's stock worth $2,192,000 after acquiring an additional 5,171 shares during the period. 93.81% of the stock is currently owned by institutional investors.

Jamf Trading Up 0.1 %

Shares of NASDAQ:JAMF traded up $0.01 during trading hours on Wednesday, hitting $11.12. 48,562 shares of the company's stock traded hands, compared to its average volume of 597,542. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $13.38 and a 200-day moving average price of $14.72. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $21.41. The firm has a market capitalization of $1.44 billion, a P/E ratio of -20.21, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43.

Insider Activity at Jamf

In other news, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now directly owns 487,810 shares in the company, valued at approximately $6,522,019.70. This trade represents a 15.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the sale, the chief accounting officer now owns 57,946 shares of the company's stock, valued at approximately $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,618 shares of company stock worth $3,408,105 in the last quarter. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on JAMF. Royal Bank of Canada reduced their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Morgan Stanley assumed coverage on Jamf in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $16.00 price objective for the company. William Blair restated an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Finally, Barclays decreased their price objective on Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $21.30.

Jamf 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.