Quantbot Technologies LP Takes $1.05 Million Position in Jamf Holding Corp. (NASDAQ:JAMF)

Quantbot Technologies LP purchased a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 74,832 shares of the company's stock, valued at approximately $1,051,000. Quantbot Technologies LP owned 0.06% of Jamf at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Versant Capital Management Inc boosted its holdings in shares of 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 during the period. Quarry LP boosted its stake in 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. Blue Trust Inc. increased its holdings in Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock worth $50,000 after purchasing an additional 2,523 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Jamf by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company's stock valued at $775,000 after purchasing an additional 3,154 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of Jamf by 9.6% in the third quarter. MetLife Investment Management LLC now owns 46,434 shares of the company's stock valued at $806,000 after purchasing an additional 4,057 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Jamf

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

Analyst Ratings Changes

JAMF has been the topic of a number of recent research reports. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Barclays lowered their price objective on shares of Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada cut their price objective on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. started coverage on shares of Jamf in a research report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price for the company. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.30.

Jamf Stock Performance

Shares of JAMF stock traded down $0.58 on Friday, reaching $12.42. The stock had a trading volume of 95,680 shares, compared to its average volume of 571,952. Jamf Holding Corp. has a 12 month low of $12.39 and a 12 month high of $21.41. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -22.57, a P/E/G ratio of 1.02 and a beta of 0.39. The firm's 50-day moving average is $14.49 and its two-hundred day moving average is $15.39. 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 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.