PDT Partners LLC Boosts Position in Jamf Holding Corp. $JAMF

Key Points

• PDT Partners LLC significantly increased its stake in Jamf Holding Corp. by 1,276.7% during the first quarter, now owning 180,030 shares worth approximately $2.19 million.
• Jamf reported a 15.4% increase in revenue year-over-year for the most recent quarter, reaching $176.5 million, and exceeded earnings expectations by reporting an EPS of $0.18.
• Analyst ratings for Jamf have varied, with JMP Securities reducing their price target from $27.00 to $18.00 while Needham & Company set a higher target of $20.00 amidst differing assessments.

PDT Partners LLC lifted its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 1,276.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 180,030 shares of the company's stock after purchasing an additional 166,953 shares during the quarter. PDT Partners LLC owned about 0.14% of Jamf worth $2,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cubist Systematic Strategies LLC grew its position in shares of Jamf by 280.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 545,484 shares of the company's stock valued at $6,628,000 after purchasing an additional 402,187 shares during the period. Royal Bank of Canada grew its position in shares of Jamf by 4.3% in the 1st quarter. Royal Bank of Canada now owns 198,991 shares of the company's stock valued at $2,418,000 after purchasing an additional 8,243 shares during the period. Graham Capital Management L.P. grew its position in shares of Jamf by 39.6% in the 1st quarter. Graham Capital Management L.P. now owns 43,141 shares of the company's stock valued at $524,000 after purchasing an additional 12,237 shares during the period. Quarry LP grew its position in shares of Jamf by 148.7% in the 1st quarter. Quarry LP now owns 6,505 shares of the company's stock valued at $79,000 after purchasing an additional 3,889 shares during the period. Finally, Vident Advisory LLC acquired a new position in shares of Jamf in the 1st quarter valued at approximately $284,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JMP Securities decreased their price target on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a research note on Friday, August 8th. Canaccord Genuity Group decreased their price target on shares of Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Jamf in a research note on Tuesday, August 26th. Finally, Morgan Stanley decreased their price target on shares of Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 2nd.

Jamf Price Performance

NASDAQ JAMF traded up $0.24 during trading on Monday, hitting $9.42. 302,888 shares of the company's stock were exchanged, compared to its average volume of 984,373. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.24 billion, a PE ratio of -24.14, a P/E/G ratio of 2.01 and a beta of 0.39. Jamf Holding Corp. has a fifty-two week low of $7.09 and a fifty-two week high of $18.77. The stock's 50 day moving average price is $8.49 and its two-hundred day moving average price is $10.48.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The business had revenue of $176.50 million for the quarter, compared to analysts' expectations of $168.58 million. During the same period in the prior year, the business 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 year.

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.