Fox Run Management L.L.C. Sells 45,362 Shares of Jamf Holding Corp. $JAMF

Key Points

• Fox Run Management L.L.C. has significantly reduced its holdings in Jamf Holding Corp. by 62.1% to 27,687 shares, valued at approximately $336,000.
• Despite the reduction in holdings by Fox Run, other institutional investors like Crestwood Capital Management L.P. and Invesco Ltd. have increased their positions in Jamf, highlighting mixed sentiment among investors.
• Analysts have recently downgraded their target prices for Jamf, with Barclays and Bank of America reducing theirs from $15.00 to $10.00 and $12.00, respectively, reflecting cautious market expectations.

Fox Run Management L.L.C. trimmed its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 62.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,687 shares of the company's stock after selling 45,362 shares during the quarter. Fox Run Management L.L.C.'s holdings in Jamf were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

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

Jamf Price Performance

Shares of NASDAQ JAMF traded down $0.32 during midday trading on Monday, reaching $8.54. 2,079,708 shares of the company traded hands, compared to its average volume of 1,586,889. Jamf Holding Corp. has a 12 month low of $7.09 and a 12 month high of $18.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.45. The stock's 50-day simple moving average is $8.51 and its 200-day simple moving average is $10.90. The firm has a market cap of $1.13 billion, a PE ratio of -21.90, a PEG ratio of 1.90 and a beta of 0.36.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $168.58 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm's quarterly revenue was up 15.4% compared to the same quarter last year. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JAMF. Canaccord Genuity Group lowered their target price on Jamf from $19.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Needham & Company LLC reduced their price objective on Jamf from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. 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 research report on Thursday, July 17th. Bank of America cut 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. Finally, JMP Securities decreased their price target on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating on the stock in a research report on Friday, August 8th.

Insider Activity

In other news, insider Elizabeth Benz sold 11,526 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $10.70, for a total transaction of $123,328.20. Following the completion of the sale, the insider owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Beth Tschida sold 11,878 shares of the business'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 value of $122,818.52. Following the completion of the transaction, the insider directly owned 475,932 shares in the company, valued at $4,921,136.88. The trade was a 2.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,957 shares of company stock valued at $755,361 over the last three months. 2.70% of the stock is owned by corporate insiders.

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.