Connor Clark & Lunn Investment Management Ltd. Purchases 47,138 Shares of Jamf Holding Corp. $JAMF

Connor Clark & Lunn Investment Management Ltd. increased its stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,070 shares of the company's stock after buying an additional 47,138 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.22% of Jamf worth $3,512,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JAMF. GAMMA Investing LLC grew its holdings in Jamf by 32,950.0% in the first quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after purchasing an additional 3,295 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Jamf during the first quarter valued at approximately $41,000. Canada Pension Plan Investment Board grew its holdings in shares of Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after buying an additional 2,500 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Jamf during the first quarter valued at approximately $126,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Jamf during the fourth quarter valued at approximately $145,000. 93.81% of the stock is owned by institutional investors.

Jamf Price Performance

JAMF traded up $0.18 during trading on Monday, hitting $8.57. 515,199 shares of the company traded hands, compared to its average volume of 943,809. The company has a market cap of $1.13 billion, a PE ratio of -21.96, a P/E/G ratio of 1.58 and a beta of 0.36. The stock's 50-day simple moving average is $8.69 and its two-hundred day simple moving average is $11.18. Jamf Holding Corp. has a 1 year low of $7.09 and a 1 year high of $18.99. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.97.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The business had revenue of $176.50 million during the quarter, compared to analysts' expectations of $168.58 million. During the same period last year, the company posted $0.14 EPS. The business's revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America cut their price target on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Barclays dropped their target price on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a report on Monday, July 21st. JMP Securities dropped their target price on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating on the stock in a report on Friday, August 8th. Canaccord Genuity Group dropped their target price on shares of Jamf from $19.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Insider Activity

In other news, insider Elizabeth Benz sold 11,526 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $10.70, for a total value of $123,328.20. Following the completion of the sale, the insider owned 347,249 shares in the company, valued at approximately $3,715,564.30. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dean Hager sold 27,720 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total transaction of $286,624.80. Following the completion of the sale, the director directly owned 270,347 shares of the company's stock, 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 quarter. 2.70% of the stock is currently owned by company insiders.

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.