Peregrine Capital Management LLC Has $94,000 Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Peregrine Capital Management LLC trimmed its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 98.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,698 shares of the company's stock after selling 522,615 shares during the period. Peregrine Capital Management LLC's holdings in Jamf were worth $94,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 3,295 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Jamf in the 1st quarter worth approximately $41,000. Canada Pension Plan Investment Board raised its holdings in shares of Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after purchasing an additional 2,500 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Jamf in the first quarter worth approximately $126,000. Finally, Versor Investments LP acquired a new stake in shares of Jamf during the 4th quarter valued at $142,000. 93.81% of the stock is owned by institutional investors.

Jamf Stock Performance

Shares of NASDAQ JAMF traded up $0.06 during trading hours on Thursday, hitting $9.25. 652,922 shares of the stock were exchanged, compared to its average volume of 634,269. The firm has a market capitalization of $1.22 billion, a P/E ratio of -24.34, a P/E/G ratio of 1.68 and a beta of 0.37. The company's 50 day moving average is $10.46 and its 200 day moving average is $12.58. Jamf Holding Corp. has a one year low of $8.87 and a one 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 issued its quarterly 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). Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The business had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business's quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JAMF shares. JPMorgan Chase & Co. dropped their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays increased their price objective on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. 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 issued a $27.00 target price on shares of Jamf in a research report on Wednesday, May 28th. Finally, Mizuho set a $15.00 price objective on shares of Jamf in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Insider Activity at Jamf

In related news, insider Beth Tschida sold 11,878 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $122,818.52. Following the completion of the sale, the insider owned 475,932 shares in the company, valued at approximately $4,921,136.88. This trade represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean Hager sold 27,720 shares of Jamf stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $286,624.80. Following the sale, the director directly owned 270,347 shares in the company, valued at approximately $2,795,387.98. This trade represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is owned by insiders.

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.