Jamf Holding Corp. (NASDAQ:JAMF) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 97.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,493 shares of the company's stock after purchasing an additional 28,394 shares during the period. SG Americas Securities LLC's holdings in Jamf were worth $699,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 3,295 shares during the period. Farther Finance Advisors LLC acquired a new position in Jamf in the first quarter valued at approximately $41,000. Blue Trust Inc. boosted its stake in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after acquiring an additional 2,523 shares during the period. Canada Pension Plan Investment Board boosted its stake in Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after acquiring an additional 2,500 shares during the period. Finally, Versor Investments LP acquired a new position in Jamf in the fourth quarter valued at approximately $142,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Price Performance

JAMF stock opened at $9.09 on Friday. The company has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $12.95. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -23.92, a P/E/G ratio of 1.69 and a beta of 0.40. Jamf Holding Corp. has a 1 year low of $9.07 and a 1 year high of $19.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 1.08.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The firm had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Jamf in a report on Wednesday, May 28th. Mizuho set a $15.00 target price on Jamf in a report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $19.50.

Insider Activity

In other Jamf news, insider Beth Tschida sold 11,878 shares of Jamf stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total transaction of $122,818.52. Following the completion of the sale, the insider now directly owns 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dean Hager sold 4,708 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $10.46, for a total transaction of $49,245.68. Following the completion of the sale, the director now owns 298,067 shares of the company's stock, valued at approximately $3,117,780.82. The trade was a 1.55% 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 worth $755,361 over the last quarter. Insiders own 2.70% of the company's stock.

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.

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