Barclays PLC Reduces Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Barclays PLC reduced its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,528 shares of the company's stock after selling 30,945 shares during the quarter. Barclays PLC owned 0.13% of Jamf worth $2,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Toronado Partners LLC boosted its position in Jamf by 5.1% during the 4th quarter. Toronado Partners LLC now owns 941,083 shares of the company's stock valued at $13,222,000 after acquiring an additional 45,921 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Jamf during the fourth quarter valued at about $519,000. Renaissance Group LLC grew its stake in Jamf by 62.8% in the fourth quarter. Renaissance Group LLC now owns 305,869 shares of the company's stock valued at $4,297,000 after purchasing an additional 117,994 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Jamf by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 143,400 shares of the company's stock worth $2,015,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Jamf by 21.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 80,057 shares of the company's stock valued at $1,125,000 after buying an additional 14,152 shares during the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler reduced their price objective on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Barclays dropped their target price on Jamf from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. William Blair reiterated an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Finally, Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.60.

Jamf Stock Performance

JAMF traded up $0.11 during trading on Tuesday, reaching $11.36. 833,653 shares of the company's stock were exchanged, compared to its average volume of 616,543. The company's fifty day simple moving average is $12.14 and its 200-day simple moving average is $14.14. The stock has a market capitalization of $1.50 billion, a P/E ratio of -20.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $21.41.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). Jamf's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, research analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John Strosahl sold 56,170 shares of the firm'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 sale, the chief executive officer now owns 1,540,226 shares of the company's stock, valued at $20,931,671.34. This trade represents a 3.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Beth Tschida sold 88,797 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now owns 487,810 shares of the company's stock, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock valued at $3,355,739 over the last ninety days. Company insiders own 2.30% of the company's stock.

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.