Principal Financial Group Inc. Sells 69,296 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Principal Financial Group Inc. cut its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,215,912 shares of the company's stock after selling 69,296 shares during the quarter. Principal Financial Group Inc. owned about 0.94% of Jamf worth $14,773,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Jamf by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 574,912 shares of the company's stock valued at $8,078,000 after acquiring an additional 22,646 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Jamf in the 4th quarter valued at $519,000. AlphaQuest LLC raised its holdings in Jamf by 5,521.9% in the 4th quarter. AlphaQuest LLC now owns 30,246 shares of the company's stock valued at $425,000 after acquiring an additional 29,708 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Jamf by 34.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 241,932 shares of the company's stock worth $3,399,000 after buying an additional 61,631 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Jamf by 71.7% during the 4th quarter. Intech Investment Management LLC now owns 27,653 shares of the company's stock worth $389,000 after buying an additional 11,552 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jamf

In other Jamf news, Director Dean Hager sold 27,720 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $286,624.80. Following the transaction, the director directly owned 270,347 shares of the company's stock, valued at approximately $2,795,387.98. This trade represents a 9.30% 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, insider Beth Tschida sold 11,878 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider owned 475,932 shares in the company, valued at $4,921,136.88. This represents a 2.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,957 shares of company stock valued at $755,361 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Jamf Trading Down 1.6%

NASDAQ JAMF traded down $0.13 during trading hours on Tuesday, hitting $8.09. 1,483,103 shares of the company's stock were exchanged, compared to its average volume of 664,464. The stock has a 50-day simple moving average of $10.07 and a 200 day simple moving average of $12.26. Jamf Holding Corp. has a 1-year low of $8.01 and a 1-year high of $19.05. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -21.28, a PEG ratio of 1.47 and a beta of 0.37. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50.

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 firm had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The company's revenue 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. On average, equities analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on JAMF shares. Mizuho set a $15.00 price target on Jamf in a report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and set a $27.00 price target on shares of Jamf in a report on Wednesday, May 28th. Barclays boosted their price target on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley lowered their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Jamf presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.50.

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.