Squarepoint Ops LLC Takes Position in Jamf Holding Corp. (NASDAQ:JAMF)

Squarepoint Ops LLC acquired a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 66,711 shares of the company's stock, valued at approximately $1,101,000. Squarepoint Ops LLC owned 0.05% of Jamf as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of JAMF. Optimus Prime Fund Management Co. Ltd. lifted its holdings in Jamf by 116.9% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company's stock worth $12,732,000 after buying an additional 380,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Jamf by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company's stock worth $135,923,000 after acquiring an additional 129,489 shares in the last quarter. Wellington Management Group LLP grew its position in Jamf by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company's stock worth $142,158,000 after purchasing an additional 462,257 shares during the last quarter. 272 Capital LP grew its position in Jamf by 41.4% during the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company's stock worth $2,507,000 after purchasing an additional 44,486 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Jamf during the 1st quarter worth $1,203,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Insider Activity

In other Jamf news, insider Linh Lam sold 5,445 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the sale, the insider now owns 195,140 shares of the company's stock, valued at $3,582,770.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Beth Tschida sold 1,696 shares of the firm's stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the transaction, the insider now owns 333,631 shares in the company, valued at approximately $6,258,917.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linh Lam sold 5,445 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the sale, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JAMF shares. Canaccord Genuity Group reduced their price target on shares of Jamf from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research note on Friday. JMP Securities reiterated a "market outperform" rating and issued a $30.00 target price on shares of Jamf in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group initiated coverage on shares of Jamf in a research note on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.38.

Jamf Price Performance

NASDAQ JAMF traded up $0.56 on Friday, hitting $17.27. 272,879 shares of the company were exchanged, compared to its average volume of 510,869. The company has a market cap of $2.22 billion, a P/E ratio of -20.32, a P/E/G ratio of 8.20 and a beta of 0.41. Jamf Holding Corp. has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $17.67 and a two-hundred day moving average of $17.62.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, meeting analysts' consensus estimates of $0.14. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The company had revenue of $153.02 million during the quarter, compared to analysts' expectations of $151.66 million. During the same period in the prior year, the business posted ($0.19) EPS. Jamf's revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Jamf Holding Corp. will post 0.04 EPS for the current year.

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.