Wellington Management Group LLP Has $173.57 Million Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Wellington Management Group LLP increased its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,003,973 shares of the company's stock after buying an additional 565,008 shares during the quarter. Wellington Management Group LLP owned about 7.84% of Jamf worth $173,569,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Quarry LP lifted its stake in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company's stock worth $43,000 after purchasing an additional 1,405 shares during the last quarter. Fifth Third Bancorp bought a new stake in Jamf during the second quarter worth $45,000. Venturi Wealth Management LLC lifted its stake in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after purchasing an additional 1,327 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after acquiring an additional 1,387 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Jamf in the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Trading Down 1.7 %

Jamf stock traded down $0.26 during trading hours on Monday, reaching $15.16. 436,833 shares of the company's stock were exchanged, compared to its average volume of 506,253. 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 firm's 50 day simple moving average is $16.10 and its 200 day simple moving average is $16.78. Jamf Holding Corp. has a twelve month low of $14.02 and a twelve month high of $21.41. The firm has a market capitalization of $1.94 billion, a PE ratio of -27.47, a PEG ratio of 6.60 and a beta of 0.36.

Wall Street Analyst Weigh In

JAMF has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and issued a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. The Goldman Sachs Group initiated coverage on Jamf in a research note on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price target for the company. Finally, Morgan Stanley began coverage on Jamf in a research note on Monday, October 14th. They issued an "equal weight" rating and a $20.00 price target for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Jamf has an average rating of "Moderate Buy" and an average price target of $22.75.

Insiders Place Their Bets

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 value of $127,545.12. Following the completion of the sale, the insider now directly owns 187,438 shares in the company, valued at $3,103,973.28. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company 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.