143,297 Shares in Jamf Holding Corp. (NASDAQ:JAMF) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 143,297 shares of the company’s stock, valued at approximately $2,013,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after purchasing an additional 2,523 shares during the period. Canada Pension Plan Investment Board raised its position in Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after purchasing an additional 2,500 shares during the period. Versor Investments LP purchased a new position in Jamf in the fourth quarter valued at about $142,000. Mindset Wealth Management LLC purchased a new position in Jamf in the fourth quarter valued at about $145,000. Finally, Cetera Investment Advisers purchased a new position in Jamf in the fourth quarter valued at about $145,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on JAMF. JPMorgan Chase & Co. cut their price objective on Jamf from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Canaccord Genuity Group reissued a “buy” rating and set a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Mizuho set a $15.00 price target on Jamf in a report on Wednesday, April 16th. 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 report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.80.

Insider Activity

In other news, CAO Anthony Grabenau sold 9,701 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the sale, the chief accounting officer now directly owns 57,946 shares in the company, valued at approximately $788,065.60. The trade was a 14.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. This trade represents a 15.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,912 shares of company stock worth $3,355,739. 2.30% of the stock is currently owned by insiders.

Jamf Price Performance

Shares of JAMF stock opened at $11.13 on Monday. The firm has a market cap of $1.47 billion, a P/E ratio of -20.24, 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 current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a 1-year low of $9.95 and a 1-year high of $20.49. The firm has a fifty day moving average of $11.98 and a two-hundred day moving average of $14.00.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The firm had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. During the same period last year, the business earned $0.14 EPS. The company’s revenue was up 10.2% on a year-over-year basis. As a group, research analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

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.