272 Capital LP Acquires New Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

272 Capital LP purchased a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 208,356 shares of the company's stock, valued at approximately $2,927,000. Jamf comprises 2.8% of 272 Capital LP's holdings, making the stock its 12th biggest holding. 272 Capital LP owned about 0.16% of Jamf as of its most recent SEC filing.

Several other large investors have also modified their holdings of JAMF. Blue Trust Inc. boosted its position in shares of Jamf by 238.0% during 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of Jamf by 24.5% in 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 period. Canada Pension Plan Investment Board boosted its position in Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after purchasing an additional 2,500 shares in the last quarter. Versor Investments LP purchased a new position in shares of Jamf in the fourth quarter valued at $142,000. Finally, Mindset Wealth Management LLC purchased a new stake in shares of Jamf in the 4th quarter worth about $145,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JAMF has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Canaccord Genuity Group restated a "buy" rating and set a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Mizuho set a $15.00 price objective on Jamf in a report on Wednesday, April 16th. Royal Bank of Canada dropped their price objective 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. Finally, Morgan Stanley dropped 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 report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.80.

Insiders Place Their Bets

In other news, 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 value of $763,350.30. Following the transaction, the chief executive officer now directly owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. This trade represents a 3.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction dated Wednesday, March 19th. The stock was 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 in the company, valued at approximately $788,065.60. This trade represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,912 shares of company stock valued at $3,355,739 in the last ninety days. Corporate insiders own 2.30% of the company's stock.

Jamf Stock Down 5.5 %

NASDAQ:JAMF traded down $0.62 on Wednesday, reaching $10.74. The stock had a trading volume of 406,666 shares, compared to its average volume of 615,756. The company has a 50-day moving average of $12.14 and a 200 day moving average of $14.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.42 billion, a P/E ratio of -19.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 12-month low of $9.95 and a 12-month high of $21.41.

Jamf (NASDAQ:JAMF - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $166.22 million. During the same period in the previous year, the business posted $0.14 EPS. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. On average, research analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

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.