Sunriver Management LLC Buys New Stake in Jamf Holding Corp. $JAMF

Key Points

• Sunriver Management LLC acquired 3,077,674 shares of Jamf Holding Corp, valued at approximately $37.4 million, making it the fund's 11th largest position.
• Jamf's stock has seen a significant reduction in target prices from several analysts, with Bank of America lowering their target from $15.00 to $12.00.
• The company's recent earnings report showed a revenue increase of 15.4% year-over-year, beating analyst expectations with a reported earnings per share of $0.18.

Sunriver Management LLC purchased a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,077,674 shares of the company's stock, valued at approximately $37,394,000. Jamf accounts for about 4.6% of Sunriver Management LLC's portfolio, making the stock its 11th largest holding. Sunriver Management LLC owned approximately 2.33% of Jamf as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JAMF. Centiva Capital LP grew its holdings in Jamf by 4.1% during the 4th quarter. Centiva Capital LP now owns 22,543 shares of the company's stock valued at $317,000 after buying an additional 898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Jamf by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,565 shares of the company's stock valued at $654,000 after purchasing an additional 1,754 shares in the last quarter. Versor Investments LP increased its holdings in Jamf by 19.8% in the 1st quarter. Versor Investments LP now owns 12,100 shares of the company's stock valued at $147,000 after purchasing an additional 2,000 shares in the last quarter. Canada Pension Plan Investment Board grew its stake 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 valued at $104,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Jamf by 2.2% during the first quarter. Rhumbline Advisers now owns 116,785 shares of the company's stock valued at $1,419,000 after acquiring an additional 2,522 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays lowered their target price on Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, July 21st. JMP Securities decreased their price target on Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a research note on Friday, August 8th. Canaccord Genuity Group decreased their price target on Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price target on shares of Jamf in a research note on Tuesday. Finally, Mizuho set a $12.00 price target on Jamf in a research note on Friday, August 8th.

Jamf Price Performance

NASDAQ:JAMF traded up $0.03 during midday trading on Friday, hitting $9.30. 311,340 shares of the stock were exchanged, compared to its average volume of 970,674. Jamf Holding Corp. has a one year low of $7.09 and a one year high of $18.99. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -23.86, a P/E/G ratio of 1.95 and a beta of 0.36. The business has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $10.82. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.97.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The firm had revenue of $176.50 million for the quarter, compared to analysts' expectations of $168.58 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm's quarterly revenue was up 15.4% compared to the same quarter last year. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Jamf Holding Corp. will post 0.05 EPS for the current year.

Insider Activity

In other Jamf news, Director Dean Hager sold 27,720 shares of Jamf stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total transaction of $286,624.80. Following the transaction, the director directly owned 270,347 shares in the company, valued at approximately $2,795,387.98. The trade was a 9.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth Benz sold 11,526 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total transaction of $123,328.20. Following the transaction, the insider directly owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. This represents a 3.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,249 shares of company stock valued at $706,115. 2.70% of the stock is currently owned by company insiders.

Jamf Company 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.