Trexquant Investment LP Acquires 160,624 Shares of Jamf Holding Corp. $JAMF

Key Points

• Trexquant Investment LP increased its stake in Jamf Holding Corp. by 341.1% in the first quarter, now owning 207,712 shares valued at approximately $2.52 million.
• Jamf reported a revenue of $176.5 million for the last quarter, exceeding estimates, and showed a year-over-year growth of 15.4%.
• Institutional investors now hold 93.81% of Jamf's stock, indicating strong interest from the investment community.

Trexquant Investment LP grew its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 341.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 207,712 shares of the company's stock after buying an additional 160,624 shares during the period. Trexquant Investment LP owned 0.16% of Jamf worth $2,524,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JAMF. Sunriver Management LLC purchased a new position in shares of Jamf during the 1st quarter worth $37,394,000. Palisade Capital Management LP acquired a new stake in shares of Jamf in the first quarter worth $7,567,000. New York State Common Retirement Fund lifted its holdings in Jamf by 806.8% during the first quarter. New York State Common Retirement Fund now owns 204,907 shares of the company's stock valued at $2,490,000 after purchasing an additional 182,311 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Jamf in the fourth quarter worth about $2,013,000. Finally, Millennium Management LLC increased its position in shares of Jamf by 56.9% during the fourth quarter. Millennium Management LLC now owns 347,606 shares of the company's stock valued at $4,884,000 after acquiring an additional 125,996 shares during the last quarter. Institutional investors own 93.81% of the company's stock.

Wall Street Analysts Forecast Growth

JAMF has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Jamf from $14.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 2nd. Wall Street Zen lowered Jamf from a "buy" rating to a "hold" rating in a report on Friday. Barclays lowered their price target on Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Monday, July 21st. JMP Securities decreased their target price on Jamf from $27.00 to $18.00 and set a "market outperform" rating on the stock in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th.

Jamf Stock Performance

Shares of NASDAQ JAMF traded up $0.39 during mid-day trading on Monday, hitting $9.57. The stock had a trading volume of 658,215 shares, compared to its average volume of 986,403. The company has a 50 day moving average of $8.49 and a two-hundred day moving average of $10.48. 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 Holding Corp. has a twelve month low of $7.09 and a twelve month high of $18.77. The firm has a market cap of $1.26 billion, a PE ratio of -24.50, a PEG ratio of 2.01 and a beta of 0.39.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $168.58 million. During the same period in the previous year, the company earned $0.14 EPS. The company's revenue for the quarter 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 predict that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Jamf 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.