Riverbridge Partners LLC Has $16.75 Million Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Riverbridge Partners LLC trimmed its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm 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 SEC filing.

A number of other institutional investors have also recently modified their holdings of JAMF. GAMMA Investing LLC lifted its position in shares of Jamf by 32,950.0% during the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock valued at $40,000 after acquiring an additional 3,295 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Jamf during the 1st quarter valued at $41,000. Blue Trust Inc. lifted its position in shares of Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after acquiring an additional 2,523 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Jamf by 51.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after acquiring an additional 2,500 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Jamf during the 4th quarter valued at $142,000. 93.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Dean Hager sold 4,708 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $10.46, for a total transaction of $49,245.68. Following the completion of the sale, the director now owns 298,067 shares of the company's stock, valued at $3,117,780.82. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Beth Tschida sold 11,878 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $122,818.52. Following the sale, the insider now directly owns 475,932 shares of the company's stock, valued at $4,921,136.88. This represents a 2.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,957 shares of company stock valued at $755,361. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JAMF. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Morgan Stanley dropped their price objective on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. William Blair restated an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three equities research 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 an average target price of $19.50.

Jamf Trading Up 0.3%

Jamf stock traded up $0.03 during trading hours on Monday, hitting $9.12. The stock had a trading volume of 924,124 shares, compared to its average volume of 613,490. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -24.00, a P/E/G ratio of 1.66 and a beta of 0.40. Jamf Holding Corp. has a one year low of $8.86 and a one year high of $19.05. The business's 50 day simple moving average is $10.73 and its 200-day simple moving average is $12.87.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results 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 during 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%. Jamf'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 business posted $0.14 earnings per share. On average, equities analysts predict that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

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.