Janney Montgomery Scott LLC Invests $731,000 in Jamf Holding Corp. (NASDAQ:JAMF)

Janney Montgomery Scott LLC acquired a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 60,202 shares of the company's stock, valued at approximately $731,000.

Several other large investors have also made changes to their positions in the business. Cetera Investment Advisers acquired a new stake in Jamf during the fourth quarter worth about $145,000. SG Americas Securities LLC increased its position in shares of Jamf by 97.6% during the first quarter. SG Americas Securities LLC now owns 57,493 shares of the company's stock valued at $699,000 after purchasing an additional 28,394 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Jamf in the fourth quarter valued at $931,000. Ameriprise Financial Inc. bought a new position in Jamf in the fourth quarter worth $158,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jamf by 20.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,980 shares of the company's stock worth $2,051,000 after buying an additional 24,343 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Trading Up 0.7%

JAMF stock traded up $0.06 during trading on Friday, hitting $9.25. The company had a trading volume of 652,922 shares, compared to its average volume of 634,269. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -24.34, a PEG ratio of 1.68 and a beta of 0.37. Jamf Holding Corp. has a 12 month low of $8.87 and a 12 month high of $19.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $10.46 and a 200-day moving average price of $12.58.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The firm had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. Jamf's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. As a group, analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on JAMF shares. Barclays upped their price objective on Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 target price on shares of Jamf in a report on Wednesday, May 28th. Mizuho set a $15.00 price target on shares of Jamf in a report on Wednesday, April 16th. Finally, Morgan Stanley decreased their price objective on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.50.

Insider Buying and Selling at Jamf

In related news, insider Elizabeth Benz sold 11,526 shares of Jamf stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total transaction of $123,328.20. Following the completion of the sale, the insider directly owned 347,249 shares of the company's stock, valued at $3,715,564.30. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dean Hager sold 27,720 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $286,624.80. Following the completion of the transaction, the director directly owned 270,347 shares in the company, valued at $2,795,387.98. The trade was a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,957 shares of company stock valued at $755,361 in the last three months. Insiders own 2.70% of the company's stock.

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.