Squarepoint Ops LLC Makes New $1.19 Million Investment in Jamf Holding Corp. (NASDAQ:JAMF)

Squarepoint Ops LLC bought a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,568 shares of the company's stock, valued at approximately $1,188,000. Squarepoint Ops LLC owned about 0.07% of Jamf at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Jamf by 54.0% during the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after purchasing an additional 10,199 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Jamf in the 4th quarter valued at $931,000. Renaissance Technologies LLC lifted its stake in shares of Jamf by 53.5% in the 4th quarter. Renaissance Technologies LLC now owns 143,400 shares of the company's stock valued at $2,015,000 after acquiring an additional 50,000 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Jamf in the 4th quarter valued at $231,000. Finally, Blue Trust Inc. lifted its stake in shares of Jamf by 238.0% in 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 last quarter. 93.81% of the stock is currently owned by institutional investors.

Insider Activity at Jamf

In related news, insider Beth Tschida sold 88,797 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now owns 487,810 shares of the company's stock, valued at approximately $6,522,019.70. This trade represents a 15.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares in the company, valued at approximately $788,065.60. The trade was a 14.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 248,912 shares of company stock valued at $3,355,739. 2.70% of the stock is owned by corporate insiders.

Jamf Trading Down 1.8%

Jamf stock traded down $0.19 during trading hours on Monday, reaching $10.31. 1,112,946 shares of the company's stock were exchanged, compared to its average volume of 593,624. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm's 50 day simple moving average is $11.25 and its 200 day simple moving average is $13.42. Jamf Holding Corp. has a twelve month low of $9.95 and a twelve month high of $19.05. The firm has a market capitalization of $1.36 billion, a PE ratio of -18.75, a PEG ratio of 1.02 and a beta of 0.44.

Jamf (NASDAQ:JAMF - Get Free Report) last issued 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's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. Research analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JAMF shares. JMP Securities reiterated a "market outperform" rating and issued a $27.00 price target on shares of Jamf in a research note on Wednesday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays raised their target price on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Jamf has a consensus rating of "Moderate Buy" and an average target price of $19.50.

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.