Price T Rowe Associates Inc. MD Grows Position in Jamf Holding Corp. (NASDAQ:JAMF)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,106 shares of the company’s stock after buying an additional 2,578 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Jamf were worth $571,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JAMF. International Assets Investment Management LLC purchased a new position in Jamf in the fourth quarter worth about $163,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Jamf by 73.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock worth $224,000 after purchasing an additional 5,264 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jamf by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company’s stock worth $8,142,000 after purchasing an additional 6,298 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Jamf by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock worth $29,554,000 after purchasing an additional 265,040 shares during the last quarter. Finally, Norges Bank purchased a new position in Jamf in the fourth quarter worth about $13,169,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Jamf from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Canaccord Genuity Group dropped their target price on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Mizuho raised their price objective on Jamf from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.71.

Jamf Stock Up 3.0 %

NASDAQ JAMF opened at $16.99 on Wednesday. The stock’s 50-day moving average price is $16.80 and its 200-day moving average price is $17.91. The company has a market capitalization of $2.18 billion, a P/E ratio of -19.99, a price-to-earnings-growth ratio of 31.47 and a beta of 0.41. Jamf Holding Corp. has a 52 week low of $14.68 and a 52 week high of $21.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF) last issued its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $153.02 million for the quarter, compared to the consensus estimate of $151.66 million. Jamf had a negative return on equity of 4.86% and a negative net margin of 18.33%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) EPS. On average, equities research analysts predict that Jamf Holding Corp. will post 0.01 earnings per share for the current year.

Insider Activity at Jamf

In related news, Director Etalvina Leite sold 4,153 shares of Jamf stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $16.06, for a total transaction of $66,697.18. Following the sale, the director now owns 14,680 shares of the company’s stock, valued at approximately $235,760.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Etalvina Leite sold 4,153 shares of Jamf stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $16.06, for a total transaction of $66,697.18. Following the sale, the director now owns 14,680 shares of the company’s stock, valued at approximately $235,760.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Strosahl sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $15.39, for a total value of $384,750.00. Following the transaction, the chief executive officer now owns 1,043,965 shares of the company’s stock, valued at approximately $16,066,621.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,607 shares of company stock valued at $1,128,725. 2.30% of the stock is owned by company insiders.

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.