Principal Financial Group Inc. Boosts Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Principal Financial Group Inc. increased its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,394,227 shares of the company's stock after acquiring an additional 306,558 shares during the quarter. Principal Financial Group Inc. owned about 1.09% of Jamf worth $24,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Jamf by 130.9% in the 3rd 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 period. Venturi Wealth Management LLC lifted its holdings 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 buying an additional 1,327 shares during the period. Assetmark Inc. boosted its position in Jamf by 45.9% during 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 in the last quarter. Canada Pension Plan Investment Board bought a new stake in Jamf during the 2nd quarter valued at approximately $81,000. Finally, Sandia Investment Management LP bought a new position in shares of Jamf in the 2nd quarter worth approximately $82,000. Institutional investors own 93.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group initiated coverage on Jamf in a research report on Tuesday, September 3rd. They set a "neutral" rating and a $21.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of Jamf in a research note on Friday, October 4th. JMP Securities reiterated a "market outperform" rating and set a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. 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 on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Jamf presently has an average rating of "Moderate Buy" and a consensus price target of $22.75.

Jamf Stock Performance

Shares of NASDAQ JAMF traded up $0.02 during midday trading on Thursday, reaching $14.66. 228,454 shares of the stock were exchanged, compared to its average volume of 512,895. The firm has a 50-day simple moving average of $15.54 and a two-hundred day simple moving average of $16.67. 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 twelve month low of $14.02 and a twelve month high of $21.41. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -26.65, a PEG ratio of 6.47 and a beta of 0.37.

Insider Buying and Selling at Jamf

In related news, insider Linh Lam sold 7,702 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.

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.