76,262 Shares in Jamf Holding Corp. (NASDAQ:JAMF) Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has initiated a position in Jamf Holding Corp. by purchasing 76,262 shares worth approximately $927,000, representing 0.06% of the company.
• Several institutional investors, including Centiva Capital LP and Canada Pension Plan Investment Board, increased their stakes in Jamf during the fourth quarter, showcasing strong institutional interest in the company.
• Wall Street analysts have lowered their price targets for Jamf, with a consensus price target now at $17.45, while maintaining a "Moderate Buy" rating overall.

Allianz Asset Management GmbH acquired a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,262 shares of the company's stock, valued at approximately $927,000. Allianz Asset Management GmbH owned approximately 0.06% of Jamf at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JAMF. Farther Finance Advisors LLC bought a new position in Jamf during the first quarter valued at $41,000. GAMMA Investing LLC lifted its holdings in shares of Jamf by 32,950.0% in the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after acquiring an additional 3,295 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after acquiring an additional 2,500 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Jamf in the 4th quarter worth about $145,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Jamf in the 1st quarter worth about $126,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JAMF has been the topic of a number of research reports. Barclays cut their target price on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Monday, July 21st. Bank of America lowered their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Mizuho decreased their price objective on shares of Jamf from $15.00 to $13.00 and set an "outperform" rating for the company in a research note on Wednesday, July 16th. JMP Securities reissued a "market outperform" rating and issued a $27.00 price target on shares of Jamf in a report on Wednesday, May 28th. Finally, Morgan Stanley dropped their target price on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Jamf has a consensus rating of "Moderate Buy" and a consensus price target of $17.45.

Insider Buying and Selling

In related news, CEO John Strosahl sold 16,125 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.75, for a total transaction of $173,343.75. Following the sale, the chief executive officer owned 1,524,101 shares of the company's stock, valued at $16,384,085.75. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth Benz sold 11,526 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total value of $123,328.20. Following the transaction, the insider directly owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is owned by corporate insiders.

Jamf Stock Up 1.0%

Shares of JAMF stock traded up $0.08 on Monday, hitting $7.48. 191,337 shares of the stock were exchanged, compared to its average volume of 877,184. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $985.69 million, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 1.31 and a beta of 0.36. The business has a 50-day moving average of $9.21 and a 200 day moving average of $11.68. Jamf Holding Corp. has a fifty-two week low of $7.36 and a fifty-two week high of $18.99.

Jamf (NASDAQ:JAMF - Get Free Report) last released its earnings results 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 company had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The business's revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Equities analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current year.

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.