UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Jamf Holding Corp. (NASDAQ:JAMF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,980 shares of the company's stock after buying an additional 24,343 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Jamf worth $2,051,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in JAMF. Wellington Management Group LLP boosted its stake in Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after purchasing an additional 841,239 shares during the period. Clearbridge Investments LLC boosted its stake in Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after purchasing an additional 409,531 shares during the period. Marshall Wace LLP boosted its stake in Jamf by 61.9% in the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock worth $10,940,000 after purchasing an additional 297,804 shares during the period. 272 Capital LP bought a new position in Jamf in the 4th quarter worth about $2,927,000. Finally, Dimensional Fund Advisors LP boosted its stake in Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock worth $29,242,000 after purchasing an additional 167,909 shares during the period. 93.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JAMF. JPMorgan Chase & Co. dropped their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Barclays lifted their price target on Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $27.00 price target on shares of Jamf in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Insider Activity

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the transaction, the chief accounting officer now directly owns 57,946 shares in the company, valued at $788,065.60. This trade represents a 14.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Beth Tschida sold 88,797 shares of the firm's stock in a transaction on 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 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. Insiders sold 320,869 shares of company stock valued at $4,111,100 in the last ninety days. Insiders own 2.70% of the company's stock.

Jamf Price Performance

Jamf stock traded down $0.26 during midday trading on Wednesday, reaching $10.34. 724,339 shares of the stock traded hands, compared to its average volume of 600,352. The stock's fifty day moving average is $10.98 and its 200-day moving average is $13.22. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month high of $19.05. The stock has a market cap of $1.36 billion, a P/E ratio of -18.80, a PEG ratio of 1.02 and a beta of 0.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (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 analyst estimates of $166.22 million. Jamf's revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. As a group, equities research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current 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.