Charles Schwab Investment Management Inc. Raises Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Charles Schwab Investment Management Inc. increased its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 8.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 552,266 shares of the company's stock after buying an additional 42,582 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.43% of Jamf worth $9,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JAMF. Fifth Third Bancorp purchased a new stake in shares of Jamf in the 2nd quarter valued at approximately $45,000. Venturi Wealth Management LLC grew its position in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after acquiring an additional 1,327 shares during the period. Assetmark Inc. increased its stake 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 acquiring an additional 1,387 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Jamf in the second quarter valued at $81,000. Finally, Sandia Investment Management LP acquired a new position in shares of Jamf in the 2nd quarter valued at $82,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Stock Down 0.7 %

JAMF stock traded down $0.11 during midday trading on Tuesday, hitting $15.05. The company's stock had a trading volume of 266,286 shares, compared to its average volume of 504,953. The firm has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $16.77. The firm has a market capitalization of $1.92 billion, a P/E ratio of -27.55, a PEG ratio of 6.60 and a beta of 0.36. 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 52-week low of $14.02 and a 52-week high of $21.41.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 7,702 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the sale, the insider now owns 187,438 shares of the company's stock, valued at approximately $3,103,973.28. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Jamf in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price objective on the stock. JMP Securities restated a "market outperform" rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Finally, Morgan Stanley started coverage on Jamf in a research note on Monday, October 14th. They set an "equal weight" rating and a $20.00 price target on the stock. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.75.

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.