Point72 Asset Management L.P. Makes New Investment in Jamf Holding Corp. (NASDAQ:JAMF)

Point72 Asset Management L.P. purchased a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,559 shares of the company's stock, valued at approximately $472,000.

Several other large investors have also recently made changes to their positions in JAMF. Blue Trust Inc. raised its stake in shares of Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock worth $50,000 after acquiring an additional 2,523 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after buying an additional 2,500 shares during the period. Versor Investments LP purchased a new position in shares of Jamf in the fourth quarter worth $142,000. Mindset Wealth Management LLC purchased a new position in shares of Jamf in the fourth quarter worth $145,000. Finally, Cetera Investment Advisers purchased a new position in shares of Jamf in the fourth quarter worth $145,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Anthony Grabenau sold 9,701 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the transaction, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. The trade was a 14.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. The trade was a 15.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock worth $3,355,739 in the last quarter. Corporate insiders own 2.70% of the company's stock.

Jamf Stock Down 0.8%

Shares of JAMF stock traded down $0.09 during mid-day trading on Wednesday, reaching $10.38. 494,399 shares of the company's stock traded hands, compared to its average volume of 740,370. Jamf Holding Corp. has a 12 month low of $9.94 and a 12 month high of $19.05. The company has a market cap of $1.37 billion, a P/E ratio of -18.90, a P/E/G ratio of 1.02 and a beta of 0.44. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $11.42 and its 200-day moving average price is $13.54.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on JAMF. Mizuho set a $15.00 target price on shares of Jamf in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 target price on shares of Jamf in a research note on Wednesday. Barclays lifted their target price on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 target price on shares of Jamf in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

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.