Wellington Management Group LLP Buys 841,239 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Wellington Management Group LLP raised its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,845,212 shares of the company's stock after acquiring an additional 841,239 shares during the quarter. Wellington Management Group LLP owned approximately 8.38% of Jamf worth $152,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP increased its holdings in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after purchasing an additional 1,405 shares during the period. Blue Trust Inc. grew its position in shares of Jamf by 238.0% in the 4th 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 last quarter. Versant Capital Management Inc increased its stake in shares of Jamf by 24.5% during 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. Versor Investments LP bought a new position in shares of Jamf during the fourth quarter valued at approximately $142,000. Finally, Mindset Wealth Management LLC purchased a new stake in Jamf in the fourth quarter worth $145,000. 93.81% of the stock is owned by institutional investors.

Insider Transactions at Jamf

In other Jamf news, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the completion of the sale, the insider now owns 487,810 shares of the company's stock, valued at approximately $6,522,019.70. This trade represents a 15.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anthony Grabenau sold 9,701 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following 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 disclosure for this sale can be found here. Insiders sold a total of 252,618 shares of company stock valued at $3,408,105 in the last quarter. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on JAMF shares. William Blair restated an "outperform" rating on shares of Jamf in a report on Friday, February 28th. JPMorgan Chase & Co. began coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an "overweight" rating and a $20.00 price target for the company. Morgan Stanley assumed coverage on Jamf in a report on Tuesday, March 18th. They set an "equal weight" rating and a $16.00 target price on the stock. Needham & Company LLC restated a "buy" rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.30.

Jamf Stock Down 3.4 %

Jamf stock traded down $0.37 during mid-day trading on Monday, hitting $10.43. The company had a trading volume of 1,977,343 shares, compared to its average volume of 588,554. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month high of $21.41. The company has a market capitalization of $1.35 billion, a PE ratio of -18.96, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. The stock's 50 day moving average price is $14.09 and its two-hundred day moving average price is $15.06. 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 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.