Voloridge Investment Management LLC Makes New $614,000 Investment in Jamf Holding Corp. (NASDAQ:JAMF)

Voloridge Investment Management LLC bought a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,708 shares of the company's stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JAMF. Blue Trust Inc. raised 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 valued at $50,000 after purchasing an additional 2,523 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Jamf by 51.0% during the 4th 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 during the period. Versor Investments LP purchased a new position in shares of Jamf during the 4th quarter worth about $142,000. Mindset Wealth Management LLC purchased a new position in shares of Jamf during the 4th quarter worth about $145,000. Finally, Cetera Investment Advisers purchased a new position in shares of Jamf during the 4th quarter worth about $145,000. Institutional investors own 93.81% of the company's stock.

Jamf Price Performance

JAMF traded down $0.14 on Monday, reaching $10.36. 538,376 shares of the company's stock were exchanged, compared to its average volume of 591,415. The stock has a market cap of $1.37 billion, a PE ratio of -18.83, a P/E/G 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 $19.05. The stock's fifty day moving average price is $11.25 and its 200-day moving average price is $13.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share 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. Jamf's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. Sell-side analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current year.

Analyst Ratings Changes

JAMF has been the subject of several research reports. Barclays boosted their price objective on shares of Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley cut their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Finally, William Blair reaffirmed an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Jamf has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Insider Buying and Selling

In other news, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean Hager sold 36,864 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $13.37, for a total value 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. This represents a 10.85% decrease in their ownership of the stock. 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 ninety days. Company insiders own 2.70% of the company's stock.

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.