Susquehanna Fundamental Investments LLC Takes $1.07 Million Position in Jamf Holding Corp. (NASDAQ:JAMF)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 76,364 shares of the company's stock, valued at approximately $1,073,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Jamf at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after buying an additional 841,239 shares during the period. Clearbridge Investments LLC grew its stake in shares of Jamf by 20.2% in the fourth 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 last quarter. Principal Financial Group Inc. grew its stake in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock worth $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Marshall Wace LLP increased its holdings in Jamf by 61.9% in the fourth quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock valued at $10,940,000 after purchasing an additional 297,804 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Jamf by 8.8% during 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 last quarter. 93.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JAMF has been the subject of several recent research reports. Morgan Stanley decreased their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays raised their price target on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Wednesday. Mizuho set a $15.00 price objective on shares of Jamf in a report on Wednesday, April 16th. William Blair restated 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $19.80.

Jamf Stock Down 4.1 %

Shares of Jamf stock traded down $0.47 on Wednesday, hitting $10.90. The company had a trading volume of 228,539 shares, compared to its average volume of 615,104. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -19.83, a P/E/G ratio of 1.02 and a beta of 0.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $21.41. The stock has a 50 day moving average of $12.14 and a 200-day moving average of $14.14.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The business had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the sale, the chief executive officer now directly owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anthony Grabenau sold 9,701 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the transaction, the chief accounting officer now owns 57,946 shares of the company's stock, valued at $788,065.60. This trade represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 248,912 shares of company stock worth $3,355,739. 2.30% of the stock is owned by insiders.

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.