Raymond James Financial Inc. Invests $519,000 in Jamf Holding Corp. (NASDAQ:JAMF)

Raymond James Financial Inc. purchased a new stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,935 shares of the company's stock, valued at approximately $519,000.

Several other large investors have also modified their holdings of JAMF. Quarry LP lifted its stake in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after buying an additional 1,405 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock worth $50,000 after acquiring an additional 2,523 shares during the last quarter. Versant Capital Management Inc lifted its position 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 acquiring an additional 795 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Jamf during the fourth quarter valued at $142,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Jamf during the 4th quarter worth about $231,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Trading Up 0.8 %

NASDAQ:JAMF traded up $0.09 on Friday, hitting $11.18. 736,996 shares of the stock were exchanged, compared to its average volume of 599,094. The stock has a market cap of $1.45 billion, a PE ratio of -20.33, a PEG ratio of 1.02 and a beta of 0.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $21.41. The stock has a fifty day moving average of $13.57 and a 200-day moving average of $14.81.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Morgan Stanley started coverage on shares of Jamf in a research note on Tuesday, March 18th. They set an "equal weight" rating and a $16.00 price objective on the stock. Piper Sandler lowered their target price on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada lowered their price objective on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Jamf presently has an average rating of "Moderate Buy" and a consensus target price of $21.30.

Insider Activity

In other Jamf news, Director Dean Hager sold 36,864 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the transaction, the director now directly owns 302,775 shares of the company's stock, valued at $4,048,101.75. This represents a 10.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Strosahl sold 56,170 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 in the company, valued at approximately $20,931,671.34. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,618 shares of company stock valued at $3,408,105. Company insiders own 2.30% of the company's stock.

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.