Dragoneer Investment Group LLC Cuts Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Dragoneer Investment Group LLC trimmed its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 17.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,450,843 shares of the company's stock after selling 2,936,175 shares during the quarter. Jamf comprises approximately 3.3% of Dragoneer Investment Group LLC's portfolio, making the stock its 12th largest holding. Dragoneer Investment Group LLC owned approximately 10.54% of Jamf worth $188,984,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of JAMF. Barclays PLC raised its position in shares of Jamf by 12.3% during the 3rd quarter. Barclays PLC now owns 201,473 shares of the company's stock valued at $3,495,000 after buying an additional 22,032 shares during the period. Franklin Resources Inc. raised its position in shares of Jamf by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock valued at $8,664,000 after buying an additional 38,429 shares during the period. Principal Financial Group Inc. raised 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 buying an additional 306,558 shares during the period. Nordea Investment Management AB increased its holdings in Jamf by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 153,736 shares of the company's stock valued at $2,192,000 after purchasing an additional 5,171 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in Jamf by 44.6% in the 4th quarter. Dakota Wealth Management now owns 17,015 shares of the company's stock valued at $239,000 after purchasing an additional 5,249 shares during the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JAMF shares. Royal Bank of Canada dropped their target price on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Barclays boosted 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, Mizuho set a $15.00 price target on shares of Jamf in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.80.

Insider Activity

In other news, CEO John Strosahl sold 56,170 shares of the company'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 completion of the sale, the chief executive officer now directly owns 1,540,226 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean Hager sold 36,864 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following the completion of the sale, the director now directly owns 302,775 shares of the company's stock, valued at $4,048,101.75. The trade was a 10.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 248,912 shares of company stock valued at $3,355,739. Insiders own 2.30% of the company's stock.

Jamf Stock Up 5.4%

Shares of JAMF stock traded up $0.60 on Monday, reaching $11.75. 332,935 shares of the stock were exchanged, compared to its average volume of 619,924. 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 business's 50 day moving average price is $11.98 and its 200 day moving average price is $14.00. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -21.37, a PEG ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a twelve month low of $9.95 and a twelve month high of $20.49.

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

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.