Renaissance Group LLC Increases Position in Jamf Holding Corp. (NASDAQ:JAMF)

Renaissance Group LLC lifted its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 62.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 305,869 shares of the company's stock after acquiring an additional 117,994 shares during the quarter. Renaissance Group LLC owned 0.24% of Jamf worth $4,297,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JAMF. Quarry LP lifted its stake in Jamf by 130.9% in the third 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 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 buying an additional 2,523 shares during the period. Versant Capital Management Inc lifted its stake in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock worth $57,000 after acquiring an additional 795 shares during the last quarter. Versor Investments LP purchased a new position in Jamf during the 4th quarter valued at $142,000. Finally, Mindset Wealth Management LLC bought a new position in Jamf in the 4th quarter valued at $145,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JAMF has been the subject of several research analyst reports. William Blair reiterated an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Piper Sandler decreased their price target 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. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. 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, Jamf currently has a consensus rating of "Moderate Buy" and an average price target of $21.30.

Jamf Stock Up 0.8 %

NASDAQ:JAMF traded up $0.09 during trading hours on Friday, reaching $11.18. The company's stock had a trading volume of 736,996 shares, compared to its average volume of 598,988. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1.45 billion, a P/E ratio of -20.33, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. The stock has a 50 day moving average price of $13.57 and a two-hundred day moving average price of $14.79. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month high of $21.41.

Insider Transactions at Jamf

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares in the company, valued at approximately $788,065.60. The trade was a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dean Hager sold 36,864 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following the completion of the sale, the director now owns 302,775 shares in the company, valued at $4,048,101.75. This represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 252,618 shares of company stock valued at $3,408,105. Corporate 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.