Jamf Holding Corp. $JAMF Holdings Lowered by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC reduced its holdings in Jamf Holding Corp. by 14.8%, selling 203,841 shares, which leaves them with approximately 1,174,779 shares valued at $11.17 million.
• Jamf reported $176.50 million in revenue for its most recent quarter, surpassing analysts' expectations, and showed a 15.4% year-over-year increase in revenue.
• Recent price targets for Jamf's stock have been lowered by several analysts, with Barclays setting a new target at $10.00 and Wall Street Zen downgrading its rating from "buy" to "hold."

Riverbridge Partners LLC lowered its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 14.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174,779 shares of the company's stock after selling 203,841 shares during the period. Riverbridge Partners LLC owned about 0.89% of Jamf worth $11,172,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 grew its stake 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 grew its stake 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. GAMMA Investing LLC grew its stake 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 purchasing an additional 3,295 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Jamf in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Stock Performance

Shares of JAMF opened at $11.11 on Thursday. The company's 50 day moving average price is $8.97 and its 200 day moving average price is $10.22. Jamf Holding Corp. has a 52 week low of $7.09 and a 52 week high of $18.00. The company has a market capitalization of $1.47 billion, a PE ratio of -28.49, a PEG ratio of 2.35 and a beta of 0.39. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.45.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating 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 firm had revenue of $176.50 million for the quarter, compared to the consensus estimate of $168.58 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm's revenue was up 15.4% on a year-over-year basis. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Monday, July 21st. 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. 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 research report on Friday, August 8th. Bank of America dropped their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Jamf from a "buy" rating to a "hold" rating in a research report on Friday, September 5th.

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.

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