Crestwood Capital Management L.P. Purchases 75,000 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Key Points

• Crestwood Capital Management L.P. increased its stake in Jamf Holding Corp. by 37.5%, acquiring a total of 275,000 shares during the 1st quarter.
• Jamf reported a 15.4% year-over-year revenue increase, achieving $176.5 million for the quarter, and beat earnings expectations with $0.18 EPS.
• Research analysts generally hold a Moderate Buy consensus on Jamf's stock, with an average price target of $16.00 despite recent reductions from various brokerages.

Crestwood Capital Management L.P. increased its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 37.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 275,000 shares of the company's stock after acquiring an additional 75,000 shares during the period. Jamf comprises approximately 2.6% of Crestwood Capital Management L.P.'s investment portfolio, making the stock its 11th largest holding. Crestwood Capital Management L.P. owned 0.21% of Jamf worth $3,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in Jamf during the first quarter worth approximately $126,000. Cetera Investment Advisers acquired a new stake in Jamf during the fourth quarter worth approximately $145,000. SG Americas Securities LLC lifted its stake in Jamf by 97.6% during the first quarter. SG Americas Securities LLC now owns 57,493 shares of the company's stock worth $699,000 after purchasing an additional 28,394 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Jamf during the fourth quarter worth $931,000. Finally, Ameriprise Financial Inc. bought a new stake in Jamf during the fourth quarter worth $158,000. Institutional investors own 93.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho set a $12.00 price target on Jamf in a research note on Friday, August 8th. JMP Securities dropped their price target on Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a research note on Friday, August 8th. Needham & Company LLC dropped their price target on Jamf from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Canaccord Genuity Group lowered their target price on Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Bank of America lowered their target price on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Jamf Stock Performance

Shares of NASDAQ JAMF traded down $0.08 during midday trading on Friday, reaching $8.39. The company's stock had a trading volume of 1,452,786 shares, compared to its average volume of 1,534,887. Jamf Holding Corp. has a 12-month low of $7.09 and a 12-month high of $18.99. The firm has a 50 day moving average price of $8.69 and a 200-day moving average price of $11.21. The stock has a market capitalization of $1.11 billion, a P/E ratio of -21.51, a PEG ratio of 1.58 and a beta of 0.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.08.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $176.50 million for the quarter, compared to analysts' expectations of $168.58 million. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. Jamf's revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, equities analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Beth Tschida sold 11,878 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $122,818.52. Following the transaction, the insider owned 475,932 shares of the company's stock, valued at $4,921,136.88. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth Benz sold 11,526 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $10.70, for a total transaction of $123,328.20. Following the sale, the insider owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is currently owned by corporate insiders.

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.