Peregrine Capital Management LLC Has $9.27 Million Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Peregrine Capital Management LLC cut its stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 513,049 shares of the company's stock after selling 87,102 shares during the period. Peregrine Capital Management LLC owned about 0.41% of Jamf worth $9,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JAMF. Wellington Management Group LLP grew its position in Jamf by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 7,409,193 shares of the company's stock worth $130,846,000 after acquiring an additional 30,910 shares during the last quarter. Vanguard Group Inc. boosted its position in Jamf by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company's stock valued at $126,952,000 after buying an additional 130,500 shares during the last quarter. Keenan Capital LLC boosted its position in Jamf by 6.0% in the 3rd quarter. Keenan Capital LLC now owns 2,730,496 shares of the company's stock valued at $48,221,000 after buying an additional 153,849 shares during the last quarter. Clearbridge Investments LLC boosted its position in Jamf by 6.0% in the 3rd quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company's stock valued at $36,344,000 after buying an additional 115,808 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Jamf by 49.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,215,960 shares of the company's stock valued at $23,736,000 after buying an additional 403,165 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Linh Lam sold 1,677 shares of the firm's stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $20.00, for a total transaction of $33,540.00. Following the sale, the insider now owns 151,943 shares of the company's stock, valued at approximately $3,038,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Jamf news, Director Dean Hager sold 73,730 shares of Jamf stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $17.76, for a total value of $1,309,444.80. Following the sale, the director now owns 385,665 shares of the company's stock, valued at approximately $6,849,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linh Lam sold 1,677 shares of Jamf stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $20.00, for a total value of $33,540.00. Following the completion of the sale, the insider now directly owns 151,943 shares in the company, valued at approximately $3,038,860. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,835 shares of company stock valued at $3,212,929. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JAMF. Royal Bank of Canada reiterated an "outperform" rating and issued a $21.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Barclays increased their price objective on Jamf from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, March 14th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Finally, Mizuho reduced their price target on Jamf from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.67.

Jamf Trading Down 1.8 %

Shares of NASDAQ:JAMF traded down $0.34 during midday trading on Wednesday, hitting $18.40. The company had a trading volume of 424,451 shares, compared to its average volume of 405,378. Jamf Holding Corp. has a 12 month low of $14.83 and a 12 month high of $22.89. 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 stock has a market cap of $2.34 billion, a price-to-earnings ratio of -20.67 and a beta of 0.51. The firm has a fifty day simple moving average of $18.64 and a 200 day simple moving average of $17.83.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $150.65 million for the quarter, compared to the consensus estimate of $148.34 million. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. On average, analysts predict that Jamf Holding Corp. will post -0.03 EPS for the current year.

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.