74,832 Shares in Jamf Holding Corp. (NASDAQ:JAMF) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,832 shares of the company’s stock, valued at approximately $1,051,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP lifted its position in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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. Versant Capital Management Inc boosted its position in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after acquiring an additional 795 shares during the period. Versor Investments LP acquired a new stake in shares of Jamf in the fourth quarter worth $142,000. Finally, Mindset Wealth Management LLC acquired a new stake in shares of Jamf in the fourth quarter worth $145,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the transaction, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at $473,058.27. The trade was a 9.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Strosahl sold 56,170 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total value of $763,350.30. Following the sale, the chief executive officer now directly owns 1,540,226 shares of the company’s stock, valued at $20,931,671.34. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,618 shares of company stock valued at $3,408,105. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on JAMF shares. Royal Bank of Canada reduced their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Morgan Stanley began coverage on Jamf in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $16.00 target price on the stock. Barclays cut their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. began coverage on Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Jamf currently has an average rating of “Moderate Buy” and an average target price of $21.30.

Jamf Stock Performance

Shares of NASDAQ:JAMF opened at $13.24 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $15.42. Jamf Holding Corp. has a fifty-two week low of $12.90 and a fifty-two week high of $21.41. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -24.07, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39.

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.