Graham Capital Management L.P. Buys New Position in Jamf Holding Corp. (NASDAQ:JAMF)

Graham Capital Management L.P. purchased a new stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,904 shares of the company's stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in 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 buying an additional 2,523 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after acquiring an additional 2,500 shares during the last quarter. Versor Investments LP bought a new position in Jamf in the 4th quarter valued at about $142,000. Mindset Wealth Management LLC acquired a new position in Jamf during the 4th quarter valued at about $145,000. Finally, Cetera Investment Advisers bought a new stake in Jamf during the 4th quarter worth approximately $145,000. Institutional investors own 93.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JAMF shares. Morgan Stanley dropped their target price on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Mizuho set a $15.00 target price on shares of Jamf in a research note on Wednesday, April 16th. Barclays increased their target price on shares of Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note 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 company. According to MarketBeat, Jamf presently has an average rating of "Moderate Buy" and an average target price of $19.80.

Jamf Stock Performance

Shares of NASDAQ:JAMF traded down $0.09 during mid-day trading on Thursday, reaching $10.65. The company had a trading volume of 112,895 shares, compared to its average volume of 590,071. Jamf Holding Corp. has a one year low of $9.95 and a one year high of $19.05. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $11.67 and its 200-day moving average price is $13.75. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -19.34, a PEG ratio of 1.02 and a beta of 0.44.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). The company had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. The company'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 business posted $0.14 earnings per share. As a group, equities research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insider Activity at Jamf

In related news, CEO John Strosahl sold 56,170 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now owns 1,540,226 shares of the company's stock, valued at approximately $20,931,671.34. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Beth Tschida sold 88,797 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This trade represents a 15.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,912 shares of company stock worth $3,355,739. 2.70% of the stock is owned by company insiders.

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.