Cubist Systematic Strategies LLC Acquires 402,187 Shares of Jamf Holding Corp. $JAMF

Key Points

• Cubist Systematic Strategies LLC increased its stake in Jamf Holding Corp. by 280.7%, acquiring an additional 402,187 shares to total 545,484 shares worth approximately $6.63 million.
• CEO John Strosahl sold 16,125 shares on June 5th at an average price of $10.75, reducing his ownership by 1.05% to 1,524,101 shares.
• Analysts have lowered price targets for Jamf, with Barclays setting it at $10.00 while Needham & Company reaffirmed a "buy" rating with a target of $20.00.

Cubist Systematic Strategies LLC raised its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 280.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 545,484 shares of the company's stock after purchasing an additional 402,187 shares during the quarter. Cubist Systematic Strategies LLC owned 0.41% of Jamf worth $6,628,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Centiva Capital LP lifted its holdings in Jamf by 4.1% during the 4th quarter. Centiva Capital LP now owns 22,543 shares of the company's stock worth $317,000 after buying an additional 898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Jamf by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,565 shares of the company's stock worth $654,000 after purchasing an additional 1,754 shares during the last quarter. Versor Investments LP lifted its holdings in shares of Jamf by 19.8% in the 1st quarter. Versor Investments LP now owns 12,100 shares of the company's stock worth $147,000 after purchasing an additional 2,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Jamf by 2.2% in the 1st quarter. Rhumbline Advisers now owns 116,785 shares of the company's stock worth $1,419,000 after purchasing an additional 2,522 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Jamf by 32,950.0% in the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock valued at $40,000 after acquiring an additional 3,295 shares during the period. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Price Performance

Shares of JAMF traded up $0.25 during mid-day trading on Monday, reaching $9.43. The company had a trading volume of 216,763 shares, compared to its average volume of 983,799. The company's 50-day moving average is $8.49 and its 200-day moving average is $10.48. Jamf Holding Corp. has a twelve month low of $7.09 and a twelve month high of $18.77. The company has a market capitalization of $1.24 billion, a P/E ratio of -24.09, a P/E/G ratio of 2.01 and a beta of 0.39. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.45.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The firm had revenue of $176.50 million during the quarter, compared to analysts' expectations of $168.58 million. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The business's revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on JAMF. Mizuho set a $12.00 price objective on Jamf in a research note on Friday, August 8th. Bank of America dropped their price objective on Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Morgan Stanley dropped their price objective on Jamf from $14.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 2nd. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of Jamf in a research note on Tuesday, August 26th. Finally, Barclays dropped their price objective on Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Monday, July 21st.

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.