BNP Paribas Financial Markets Buys New Position in Jamf Holding Corp. (NASDAQ:JAMF)

BNP Paribas Financial Markets purchased a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 66,297 shares of the company's stock, valued at approximately $931,000. BNP Paribas Financial Markets owned 0.05% of Jamf as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after acquiring an additional 841,239 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Jamf by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock valued at $123,030,000 after buying an additional 114,036 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after buying an additional 409,531 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock valued at $29,242,000 after buying an additional 167,909 shares during the period. Finally, Toronado Partners LLC lifted its holdings in shares of Jamf by 5.1% in the 4th quarter. Toronado Partners LLC now owns 941,083 shares of the company's stock valued at $13,222,000 after buying an additional 45,921 shares during the period. Institutional investors and hedge funds own 93.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JAMF. 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. Mizuho set a $15.00 price objective on Jamf in a report on Wednesday, April 16th. Barclays boosted their price objective on Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Morgan Stanley cut their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Jamf presently has an average rating of "Moderate Buy" and a consensus target price of $19.80.

Jamf Price Performance

NASDAQ:JAMF traded up $0.29 during trading hours on Tuesday, hitting $10.47. 1,214,540 shares of the stock were exchanged, compared to its average volume of 589,161. Jamf Holding Corp. has a 52-week low of $9.95 and a 52-week high of $19.05. The firm's fifty day moving average price is $11.42 and its 200 day moving average price is $13.54. 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 company has a market cap of $1.38 billion, a P/E ratio of -19.04, a P/E/G ratio of 1.02 and a beta of 0.44.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $166.22 million. During the same period in the prior year, the business posted $0.14 EPS. The company's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jamf news, insider Beth Tschida sold 88,797 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the sale, the insider now directly owns 487,810 shares in the company, valued at approximately $6,522,019.70. The trade was a 15.40% decrease in their position. The transaction 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 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 approximately $4,048,101.75. This represents a 10.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 248,912 shares of company stock worth $3,355,739. Corporate 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.