Trexquant Investment LP lowered its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 49.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,088 shares of the company's stock after selling 45,907 shares during the period. Trexquant Investment LP's holdings in Jamf were worth $662,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in JAMF. Blue Trust Inc. raised its position in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after purchasing an additional 2,523 shares during the period. Versant Capital Management Inc raised its holdings 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 valued at $57,000 after buying an additional 795 shares during the period. Versor Investments LP acquired a new position in Jamf during the 4th quarter worth approximately $142,000. Mindset Wealth Management LLC purchased a new position in Jamf in the 4th quarter worth approximately $145,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Jamf in the fourth quarter valued at approximately $192,000. Hedge funds and other institutional investors own 93.81% of the company's stock.
Insiders Place Their Bets
In related news, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $131,933.60. Following the sale, the chief accounting officer now directly owns 57,946 shares in the company, valued at $788,065.60. This trade represents a 14.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dean Hager sold 36,864 shares of the firm's stock in a transaction on Monday, March 17th. The shares were 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 in the company, valued at $4,048,101.75. This trade represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 248,912 shares of company stock valued at $3,355,739 over the last three months. Company insiders own 2.30% of the company's stock.
Analysts Set New Price Targets
JAMF has been the subject of several analyst reports. Mizuho set a $15.00 target price on shares of Jamf in a research note on Wednesday. Royal Bank of Canada lowered their target price on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Canaccord Genuity Group restated a "buy" rating and set a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $19.90.
Check Out Our Latest Research Report on Jamf
Jamf Stock Performance
JAMF stock traded down $0.14 during midday trading on Thursday, reaching $10.84. The company had a trading volume of 103,556 shares, compared to its average volume of 598,550. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $13.29 and a 200 day moving average price of $14.70. The firm has a market capitalization of $1.40 billion, a PE ratio of -19.75, a P/E/G ratio of 1.02 and a beta of 0.43. Jamf Holding Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $21.41.
About Jamf
(
Free Report)
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.
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