Point72 Asset Management L.P. Makes New $472,000 Investment in Jamf Holding Corp. (NASDAQ:JAMF)

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

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Jamf by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after acquiring an additional 841,239 shares during the last quarter. Vanguard Group Inc. increased its stake in Jamf by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock worth $123,030,000 after acquiring an additional 114,036 shares during the last quarter. Clearbridge Investments LLC increased its stake in Jamf by 20.2% during the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Jamf by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock worth $29,242,000 after acquiring an additional 167,909 shares during the last quarter. Finally, Toronado Partners LLC increased its stake in Jamf by 5.1% during the fourth quarter. Toronado Partners LLC now owns 941,083 shares of the company's stock worth $13,222,000 after acquiring an additional 45,921 shares during the last quarter. 93.81% of the stock is owned by institutional investors.

Jamf Trading Up 2.8%

JAMF traded up $0.29 during trading on Tuesday, hitting $10.47. 1,214,540 shares of the stock were exchanged, compared to its average volume of 589,161. The firm has a 50 day simple moving average of $11.47 and a 200 day simple moving average of $13.56. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -19.04, a P/E/G ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $19.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $166.22 million. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. As a group, equities analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JAMF. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $21.00 target price on shares of Jamf in a research note on Wednesday, February 26th. Finally, Morgan Stanley cut their target price on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Jamf has an average rating of "Moderate Buy" and an average price target of $19.80.

Insiders Place Their Bets

In other Jamf news, insider Beth Tschida sold 88,797 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dean Hager sold 36,864 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the sale, the director now owns 302,775 shares of the company's stock, valued at approximately $4,048,101.75. This represents a 10.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,912 shares of company stock worth $3,355,739 in the last ninety days. 2.70% of the stock is owned by company 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.