91,041 Shares in Jamf Holding Corp. (NASDAQ:JAMF) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 91,041 shares of the company's stock, valued at approximately $1,279,000. Balyasny Asset Management L.P. owned about 0.07% of Jamf as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in JAMF. Wellington Management Group LLP boosted its stake in Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after purchasing an additional 841,239 shares during the period. Clearbridge Investments LLC boosted its position in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after acquiring an additional 306,558 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Jamf by 61.9% during the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock valued at $10,940,000 after acquiring an additional 297,804 shares during the last quarter. Finally, 272 Capital LP bought a new stake in shares of Jamf during the 4th quarter valued at about $2,927,000. Hedge funds and other institutional investors own 93.81% of the company's stock.

Insider Activity

In other Jamf news, CEO John Strosahl sold 56,170 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the sale, the chief executive officer now owns 1,540,226 shares in the company, valued at $20,931,671.34. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the stock in a transaction dated 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 sale, the insider now owns 487,810 shares of the company's stock, valued at $6,522,019.70. This represents a 15.40% 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 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JAMF. Barclays lifted their price target on Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group restated a "buy" rating and issued a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Morgan Stanley dropped their target price on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho set a $15.00 target price on Jamf in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Jamf currently has a consensus rating of "Moderate Buy" and an average price target of $19.80.

Jamf Stock Down 0.7%

Jamf stock traded down $0.08 during mid-day trading on Friday, hitting $11.50. The company had a trading volume of 830,076 shares, compared to its average volume of 593,655. 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's 50 day moving average price is $11.80 and its two-hundred day moving average price is $13.87. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month high of $19.05. The company has a market capitalization of $1.52 billion, a PE ratio of -20.91, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44.

Jamf (NASDAQ:JAMF - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). The business had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. During the same quarter last year, the business earned $0.14 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

About Jamf

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.