Quantinno Capital Management LP Has $1.87 Million Position in Jamf Holding Corp. (NASDAQ:JAMF)

Quantinno Capital Management LP cut its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,876 shares of the company's stock after selling 159,750 shares during the quarter. Quantinno Capital Management LP owned about 0.10% of Jamf worth $1,867,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JAMF. Blue Trust Inc. lifted its position in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after buying an additional 2,523 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after buying an additional 2,500 shares in the last quarter. Versor Investments LP bought a new position in Jamf during the 4th quarter worth $142,000. Cetera Investment Advisers bought a new position in Jamf during the 4th quarter worth $145,000. Finally, Mindset Wealth Management LLC acquired a new stake in shares of Jamf during the fourth quarter worth $145,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jamf

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the sale, the chief accounting officer now directly owns 57,946 shares of the company's stock, valued at $788,065.60. The trade was a 14.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value 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. The trade was a 15.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 248,912 shares of company stock worth $3,355,739. 2.70% of the stock is currently owned by insiders.

Jamf Price Performance

Shares of Jamf stock traded up $0.08 during midday trading on Tuesday, hitting $10.26. 131,867 shares of the company traded hands, compared to its average volume of 584,992. The firm's fifty day moving average price is $11.47 and its 200-day moving average price is $13.56. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -18.69, a PEG ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month 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 issued its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates 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. During the same quarter in the prior year, the company earned $0.14 EPS. Jamf's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JAMF shares. JPMorgan Chase & Co. lowered their price target on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Mizuho set a $15.00 price target on Jamf in a research note on Wednesday, April 16th. Morgan Stanley reduced their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Jamf has an average rating of "Moderate Buy" and a consensus target price of $19.80.

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.