Jamf Holding Corp. (NASDAQ:JAMF) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 56.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 347,606 shares of the company's stock after purchasing an additional 125,996 shares during the period. Millennium Management LLC owned 0.27% of Jamf worth $4,884,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JAMF. Wellington Management Group LLP boosted its holdings in shares of Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Clearbridge Investments LLC raised its stake in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after buying an additional 409,531 shares in the last quarter. Marshall Wace LLP raised its stake in Jamf by 61.9% in the fourth quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock worth $10,940,000 after buying an additional 297,804 shares in the last quarter. 272 Capital LP bought a new position in Jamf in the fourth quarter worth approximately $2,927,000. Finally, Dimensional Fund Advisors LP raised its stake in Jamf by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock worth $29,242,000 after buying an additional 167,909 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Mizuho set a $15.00 price objective on shares of Jamf in a research note on Wednesday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $19.50.

Jamf Stock Up 0.2%

Shares of JAMF traded up $0.02 during midday trading on Friday, hitting $10.51. 785,797 shares of the company's stock traded hands, compared to its average volume of 591,228. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $19.05. The firm's fifty day moving average is $11.25 and its 200-day moving average is $13.45. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -19.11, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. Jamf's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. As a group, sell-side analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the sale, the chief accounting officer now directly owns 57,946 shares of the company's stock, valued at approximately $788,065.60. This trade represents a 14.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Beth Tschida sold 88,797 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This represents a 15.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock worth $3,355,739 in the last 90 days. Insiders own 2.70% of the company's stock.

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.