Dragoneer Investment Group LLC Decreases Position in Jamf Holding Corp. (NASDAQ:JAMF)

Dragoneer Investment Group LLC trimmed its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,450,843 shares of the company’s stock after selling 2,936,175 shares during the quarter. Jamf accounts for about 3.3% of Dragoneer Investment Group LLC’s portfolio, making the stock its 12th largest position. Dragoneer Investment Group LLC owned approximately 0.11% of Jamf worth $188,984,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in shares of Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Clearbridge Investments LLC boosted its position in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after buying an additional 409,531 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after buying an additional 306,558 shares during the period. Marshall Wace LLP raised its position in Jamf by 61.9% during the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company’s stock worth $10,940,000 after buying an additional 297,804 shares during the last quarter. Finally, 272 Capital LP acquired a new stake in Jamf during the 4th quarter valued at approximately $2,927,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on Jamf from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price objective on Jamf from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Finally, Morgan Stanley reduced their price target on Jamf from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.60.

Insider Activity

In other Jamf news, Director Dean Hager sold 36,864 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the completion of the sale, the director now directly owns 302,775 shares in the company, valued at $4,048,101.75. This represents a 10.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the sale, the chief accounting officer now owns 57,946 shares of the company’s stock, valued at approximately $788,065.60. The trade was a 14.34 % 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 worth $3,355,739 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Jamf Price Performance

Jamf stock opened at $11.36 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company’s fifty day moving average price is $12.14 and its 200 day moving average price is $14.14. The stock has a market capitalization of $1.50 billion, a P/E ratio of -20.65, a P/E/G ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $21.41.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results 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). During the same period in the previous year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal 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.