Bullseye Asset Management LLC Decreases Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Bullseye Asset Management LLC reduced its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,638 shares of the company's stock after selling 21,943 shares during the period. Bullseye Asset Management LLC owned 0.11% of Jamf worth $1,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Jamf by 8.4% in the fourth 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 during the period. Clearbridge Investments LLC lifted its holdings in shares of Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after buying an additional 409,531 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock worth $24,190,000 after acquiring an additional 306,558 shares during the last quarter. Marshall Wace LLP grew its stake in Jamf by 61.9% during the fourth quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock valued at $10,940,000 after acquiring an additional 297,804 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock valued at $29,242,000 after acquiring an additional 167,909 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

Jamf Stock Up 0.3 %

Shares of JAMF stock traded up $0.04 during trading on Friday, reaching $11.57. The company's stock had a trading volume of 493,991 shares, compared to its average volume of 611,675. The stock's 50-day moving average price is $12.62 and its 200 day moving average price is $14.37. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -21.04, a P/E/G ratio of 1.02 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a 1-year low of $9.95 and a 1-year high of $21.41.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho set a $15.00 price objective on Jamf in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Barclays reduced their price objective on Jamf from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler decreased their price objective on Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.60.

Insider Activity

In other news, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction that occurred 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 owns 57,946 shares in the company, valued at $788,065.60. This represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,912 shares of company stock worth $3,355,739. 2.30% of the stock is currently owned by corporate insiders.

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.