Riverbridge Partners LLC Reduces Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Riverbridge Partners LLC trimmed its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,448,874 shares of the company's stock after selling 194,209 shares during the quarter. Riverbridge Partners LLC owned approximately 1.14% of Jamf worth $20,357,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Crestwood Capital Management L.P. acquired a new stake in Jamf in the third quarter valued at approximately $3,470,000. Franklin Resources Inc. lifted its position in Jamf by 8.0% during the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock valued at $8,664,000 after purchasing an additional 38,429 shares during the period. Geode Capital Management LLC lifted its position in Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock valued at $30,391,000 after purchasing an additional 134,314 shares during the period. Atom Investors LP increased its holdings in Jamf by 213.4% in the third quarter. Atom Investors LP now owns 132,036 shares of the company's stock valued at $2,291,000 after buying an additional 89,901 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after buying an additional 306,558 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the sale, the chief accounting officer now directly owns 33,479 shares of the company's stock, valued at $473,058.27. This represents a 9.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

Jamf Trading Up 0.3 %

Shares of JAMF stock traded up $0.05 during trading hours on Thursday, hitting $14.78. The company had a trading volume of 278,071 shares, compared to its average volume of 595,510. The company's fifty day moving average is $14.63 and its 200 day moving average is $16.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a fifty-two week low of $13.40 and a fifty-two week high of $21.41. The stock has a market capitalization of $1.89 billion, a PE ratio of -26.87, a price-to-earnings-growth ratio of 1.00 and a beta of 0.37.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JAMF shares. Barclays cut their price objective on shares of Jamf from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday. Piper Sandler cut their price objective on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Finally, Royal Bank of Canada cut their price objective on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Jamf has an average rating of "Moderate Buy" and an average target price of $22.00.

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.