Prudential Financial Inc. Buys 60,575 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Prudential Financial Inc. grew its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 50.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,715 shares of the company's stock after buying an additional 60,575 shares during the quarter. Prudential Financial Inc. owned 0.14% of Jamf worth $2,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in Jamf by 8.0% during the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock worth $8,664,000 after purchasing an additional 38,429 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Jamf by 8.3% during 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. SG Americas Securities LLC lifted its position in shares of Jamf by 54.0% during the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after buying an additional 10,199 shares during the last quarter. Versant Capital Management Inc boosted its stake in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after buying an additional 795 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Jamf by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company's stock valued at $775,000 after acquiring an additional 3,154 shares during the last quarter. Institutional investors own 93.81% of the company's stock.

Analysts Set New Price Targets

JAMF has been the subject of a number of research reports. JPMorgan Chase & Co. began coverage on shares of Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price for the company. Canaccord Genuity Group reissued a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their price target on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Finally, Morgan Stanley began coverage on Jamf in a report on Tuesday, March 18th. They set an "equal weight" rating and a $16.00 price objective on the stock. Three 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $21.30.

Jamf Trading Down 0.9 %

Shares of NASDAQ JAMF traded down $0.09 during trading on Tuesday, reaching $10.34. The company had a trading volume of 1,136,269 shares, compared to its average volume of 592,596. The stock has a market cap of $1.34 billion, a P/E ratio of -18.80, a PEG ratio of 1.02 and a beta of 0.43. The company's fifty day moving average price is $13.87 and its 200-day moving average price is $14.97. 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 12 month low of $9.95 and a 12 month high of $21.41.

Insider Buying and Selling

In related news, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now owns 1,540,226 shares of the company's stock, valued at $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Beth Tschida sold 88,797 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This trade represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,618 shares of company stock valued at $3,408,105 over the last ninety days. 2.30% of the stock is owned by company insiders.

Jamf Company 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.