Jamf Holding Corp. (NASDAQ:JAMF) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP trimmed its position in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 20.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,893 shares of the company’s stock after selling 7,347 shares during the period. Occudo Quantitative Strategies LP’s holdings in Jamf were worth $406,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JAMF. Wellington Management Group LLP grew its holdings 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 acquiring an additional 841,239 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after acquiring an additional 409,531 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after acquiring an additional 306,558 shares in the last quarter. Marshall Wace LLP grew its holdings 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 acquiring an additional 297,804 shares in the last quarter. Finally, 272 Capital LP acquired a new position in Jamf during the 4th quarter worth $2,927,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jamf

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Strosahl sold 56,170 shares of the business’s stock in a transaction dated 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 owns 1,540,226 shares in the company, valued at $20,931,671.34. This trade represents a 3.52% 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 in the last ninety days. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JAMF. Canaccord Genuity Group reissued a “buy” rating and set a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Mizuho set a $15.00 price objective on shares of Jamf in a report on Wednesday, April 16th. Royal Bank of Canada decreased their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.80.

Jamf Trading Down 0.8%

Shares of NASDAQ:JAMF opened at $11.58 on Friday. The company has a market cap of $1.53 billion, a PE ratio of -21.05, a P/E/G ratio of 1.02 and a beta of 0.44. The company’s 50-day moving average price is $11.83 and its 200 day moving average price is $13.90. Jamf Holding Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $19.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF) 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 company had revenue of $167.62 million for the quarter, compared to analysts’ expectations of $166.22 million. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. Sell-side analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current 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.