Trexquant Investment LP Grows Position in 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 lifted its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 341.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207,712 shares of the company's stock after buying an additional 160,624 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of Jamf worth $2,524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JAMF. Sunriver Management LLC acquired a new position in shares of Jamf during the first quarter worth about $37,394,000. Palisade Capital Management LP acquired a new position in Jamf in the first quarter valued at approximately $7,567,000. New York State Common Retirement Fund boosted its holdings in Jamf by 806.8% in 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 acquired a new position in Jamf in the fourth quarter valued at approximately $2,013,000. Finally, Millennium Management LLC boosted its holdings in Jamf by 56.9% in the fourth quarter. Millennium Management LLC now owns 347,606 shares of the company's stock valued at $4,884,000 after purchasing an additional 125,996 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JAMF. Morgan Stanley lowered their price target on Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, September 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of Jamf in a report on Tuesday, August 26th. Bank of America lowered their price target on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Barclays lowered their price target on Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a report on Monday, July 21st. Finally, Canaccord Genuity Group lowered their price target on Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 8th.

Jamf Stock Performance

Shares of Jamf stock traded down $0.08 during trading hours on Tuesday, hitting $9.51. 300,209 shares of the company were exchanged, compared to its average volume of 988,448. Jamf Holding Corp. has a 1 year low of $7.09 and a 1 year high of $18.77. 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 business has a 50-day moving average of $8.49 and a 200-day moving average of $10.45. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -24.42, a P/E/G ratio of 2.01 and a beta of 0.39.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $168.58 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company'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, analysts expect 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.