Jamf Holding Corp. (NASDAQ:JAMF) is Toronado Partners LLC's 7th Largest Position

Toronado Partners LLC increased its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 941,083 shares of the company's stock after purchasing an additional 45,921 shares during the quarter. Jamf makes up 8.4% of Toronado Partners LLC's portfolio, making the stock its 7th biggest holding. Toronado Partners LLC owned approximately 0.74% of Jamf worth $13,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings 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 worth $152,375,000 after acquiring an additional 841,239 shares in the last quarter. Clearbridge Investments LLC lifted its position in Jamf by 20.2% during the fourth 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. Principal Financial Group Inc. lifted its position in Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after buying an additional 134,314 shares in the last quarter. Finally, Renaissance Group LLC increased its holdings in shares of Jamf by 62.8% in the 4th quarter. Renaissance Group LLC now owns 305,869 shares of the company's stock worth $4,297,000 after buying an additional 117,994 shares during the last quarter. Institutional investors own 93.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Mizuho set a $15.00 price objective on Jamf in a research report on Wednesday. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Piper Sandler dropped their price target on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley reduced their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Wednesday. 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.90.

Insider Buying and Selling at Jamf

In other news, CEO John Strosahl sold 56,170 shares of the 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 sale, the chief executive officer now directly owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $131,933.60. Following the transaction, the chief accounting officer now directly owns 57,946 shares of the company's stock, valued at $788,065.60. The trade was a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 248,912 shares of company stock valued at $3,355,739 in the last three months. 2.30% of the stock is owned by corporate insiders.

Jamf Trading Down 1.2 %

Shares of JAMF traded down $0.13 during midday trading on Thursday, hitting $10.85. 211,007 shares of the stock were exchanged, compared to its average volume of 712,131. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.40 billion, a P/E ratio of -19.72, a P/E/G ratio of 1.02 and a beta of 0.43. Jamf Holding Corp. has a 52-week low of $9.94 and a 52-week high of $21.41. The stock has a fifty day simple moving average of $13.29 and a 200 day simple moving average of $14.70.

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.