Geode Capital Management LLC Purchases 134,314 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Geode Capital Management LLC increased its stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,751,340 shares of the company's stock after purchasing an additional 134,314 shares during the quarter. Geode Capital Management LLC owned about 1.37% of Jamf worth $30,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in shares of Jamf by 57.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock valued at $63,000 after purchasing an additional 1,327 shares in the last quarter. 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 worth $76,000 after buying an additional 1,387 shares in the last quarter. Quarry LP increased its stake in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock worth $43,000 after acquiring an additional 1,405 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jamf by 14.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company's stock valued at $234,000 after acquiring an additional 1,755 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Jamf by 7.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company's stock valued at $775,000 after acquiring an additional 3,154 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

Jamf Price Performance

Shares of Jamf stock traded down $0.40 during trading on Friday, hitting $14.26. The company's stock had a trading volume of 350,961 shares, compared to its average volume of 586,615. Jamf Holding Corp. has a 52 week low of $14.02 and a 52 week high of $21.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $16.66.

Analysts Set New Price Targets

Several research firms recently weighed in on JAMF. The Goldman Sachs Group began coverage on shares of Jamf in a research report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price target on shares of Jamf in a report on Friday, October 4th. JMP Securities reaffirmed a "market outperform" rating and set a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Finally, Morgan Stanley began coverage on shares of Jamf in a research report on Monday, October 14th. They issued an "equal weight" rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Jamf has an average rating of "Moderate Buy" and a consensus price target of $22.75.

Insiders Place Their Bets

In other news, insider Linh Lam sold 7,702 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now directly owns 187,438 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.

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.