Riverbridge Partners LLC Lowers Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

Riverbridge Partners LLC lessened its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 4.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,378,620 shares of the company's stock after selling 70,254 shares during the quarter. Riverbridge Partners LLC owned about 1.07% of Jamf worth $16,750,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Jamf by 32,950.0% during the first quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after purchasing an additional 3,295 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Jamf during the first quarter worth about $41,000. Blue Trust Inc. lifted its position 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 purchasing an additional 2,523 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Jamf by 51.0% during the fourth 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. Finally, Versor Investments LP acquired a new stake in shares of Jamf during the fourth quarter worth about $142,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Insider Transactions at Jamf

In related news, insider Beth Tschida sold 11,878 shares of Jamf stock in a transaction 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 transaction, the insider now directly owns 475,932 shares in the company, valued at $4,921,136.88. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Strosahl sold 16,125 shares of Jamf stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.75, for a total transaction of $173,343.75. Following the completion of the transaction, the chief executive officer now owns 1,524,101 shares in the company, valued at approximately $16,384,085.75. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,957 shares of company stock worth $755,361. Insiders own 2.70% of the company's stock.

Jamf Stock Down 0.4%

JAMF stock opened at $9.27 on Friday. 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 Holding Corp. has a twelve month low of $9.25 and a twelve month high of $19.05. The company's 50 day moving average is $10.81 and its two-hundred day moving average is $13.00. The stock has a market cap of $1.22 billion, a P/E ratio of -24.39, a PEG ratio of 1.69 and a beta of 0.40.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data 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). Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The company had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. During the same period in the previous year, the business posted $0.14 EPS. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts expect that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays increased their price target on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price 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. Mizuho set a $15.00 target price on shares of Jamf in a report on Wednesday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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