Bank of Montreal Can Sells 60,817 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Bank of Montreal Can cut its position in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,673 shares of the company's stock after selling 60,817 shares during the quarter. Bank of Montreal Can's holdings in Jamf were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Jamf by 12.3% in the 3rd quarter. Barclays PLC now owns 201,473 shares of the company's stock worth $3,495,000 after buying an additional 22,032 shares during the last quarter. Geode Capital Management LLC boosted its position in Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after purchasing an additional 134,314 shares during the last quarter. Franklin Resources Inc. grew its stake in Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock valued at $8,664,000 after purchasing an additional 38,429 shares during the period. Principal Financial Group Inc. increased 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 purchasing an additional 306,558 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake 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 worth $57,000 after purchasing an additional 795 shares during the period. 93.81% of the stock is owned by institutional investors.

Jamf Price Performance

Shares of JAMF traded down $0.11 during midday trading on Friday, hitting $11.42. 87,774 shares of the company traded hands, compared to its average volume of 608,261. Jamf Holding Corp. has a one year low of $9.95 and a one year high of $21.41. The firm has a market cap of $1.48 billion, a P/E ratio of -20.81, a PEG ratio of 1.02 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50-day moving average of $12.70 and a 200-day moving average of $14.45.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. William Blair restated an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Royal Bank of Canada lowered their price target on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased 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. Barclays dropped their price target on Jamf from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Jamf has an average rating of "Moderate Buy" and an average price target of $19.60.

Insider Activity at Jamf

In other news, CAO Anthony Grabenau sold 9,701 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares in the company, valued at $788,065.60. The trade was a 14.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Beth Tschida sold 88,797 shares of the 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 in the company, valued at $6,522,019.70. This trade represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 248,912 shares of company stock valued at $3,355,739. Corporate insiders own 2.30% of the company's stock.

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.