Jane Street Group LLC Sells 37,313 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Jane Street Group LLC decreased its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 60.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,587 shares of the company's stock after selling 37,313 shares during the quarter. Jane Street Group LLC's holdings in Jamf were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JAMF. Barclays PLC grew its holdings in shares of Jamf by 12.3% during the third quarter. Barclays PLC now owns 201,473 shares of the company's stock worth $3,495,000 after purchasing an additional 22,032 shares during the last quarter. SG Americas Securities LLC lifted its position in Jamf by 54.0% during the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after buying an additional 10,199 shares in the last quarter. Blue Trust Inc. grew its holdings in Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock worth $50,000 after acquiring an additional 2,523 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Jamf in the 4th quarter valued at about $231,000. Finally, Rhumbline Advisers raised its stake in shares of Jamf by 8.2% in the fourth quarter. Rhumbline Advisers now owns 114,263 shares of the company's stock worth $1,605,000 after acquiring an additional 8,667 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.

Insider Buying and Selling

In related news, insider Beth Tschida sold 88,797 shares of the business's stock in a transaction on Monday, March 17th. The shares were 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 of the company's stock, valued at approximately $6,522,019.70. The trade was a 15.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anthony Grabenau sold 9,701 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares of the company's stock, valued at approximately $788,065.60. The trade was a 14.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 248,912 shares of company stock valued at $3,355,739. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JAMF. Morgan Stanley lowered their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $27.00 price objective on shares of Jamf in a research report on Wednesday, May 28th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.50.

Jamf Trading Up 3.0%

Shares of Jamf stock traded up $0.31 during trading on Tuesday, hitting $10.62. 887,322 shares of the company were exchanged, compared to its average volume of 594,818. The firm has a market capitalization of $1.40 billion, a P/E ratio of -19.31, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. The firm's fifty day moving average price is $11.20 and its 200 day moving average price is $13.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a 1-year low of $9.95 and a 1-year high of $19.05.

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