Cubist Systematic Strategies LLC Purchases Shares of 143,297 Jamf Holding Corp. (NASDAQ:JAMF)

Cubist Systematic Strategies LLC bought a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 143,297 shares of the company's stock, valued at approximately $2,013,000. Cubist Systematic Strategies LLC owned 0.11% of Jamf at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock worth $8,664,000 after purchasing an additional 38,429 shares during the period. SG Americas Securities LLC lifted its position in shares of Jamf by 54.0% in the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after purchasing an additional 10,199 shares during the period. Renaissance Technologies LLC lifted its position in shares of Jamf by 53.5% in the 4th quarter. Renaissance Technologies LLC now owns 143,400 shares of the company's stock worth $2,015,000 after purchasing an additional 50,000 shares during the period. Asset Management One Co. Ltd. purchased a new stake in shares of Jamf in the 4th quarter worth about $231,000. Finally, Blue Trust Inc. lifted 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 purchasing an additional 2,523 shares during the period. 93.81% of the stock is owned by hedge funds and other institutional investors.

Jamf Stock Down 0.7%

NASDAQ:JAMF traded down $0.08 on Friday, reaching $11.50. 830,076 shares of the stock traded hands, compared to its average volume of 591,437. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -20.91, a PEG ratio of 1.02 and a beta of 0.44. 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 12 month low of $9.95 and a 12 month high of $19.05. The company's fifty day simple moving average is $11.80 and its 200 day simple moving average is $13.85.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The business had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. Equities analysts predict that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on JAMF. 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. Mizuho set a $15.00 price target on shares of Jamf in a research note on Wednesday, April 16th. Morgan Stanley decreased their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays increased their price target on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada decreased their price target on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.80.

Insider Activity

In other news, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the sale, the chief accounting officer now owns 57,946 shares of the company's stock, valued at $788,065.60. This trade represents a 14.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Strosahl sold 56,170 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction 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. The trade was a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock valued at $3,355,739 in the last 90 days. 2.70% of the stock is currently owned by insiders.

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.