Vanguard Group Inc. Buys 129,489 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Vanguard Group Inc. raised its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,407,221 shares of the company's stock after acquiring an additional 129,489 shares during the period. Vanguard Group Inc. owned about 5.77% of Jamf worth $135,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optimus Prime Fund Management Co. Ltd. grew its position in Jamf by 116.9% during the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company's stock valued at $12,732,000 after acquiring an additional 380,000 shares during the last quarter. Wellington Management Group LLP grew its position in Jamf by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company's stock valued at $142,158,000 after acquiring an additional 462,257 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Jamf by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company's stock valued at $8,142,000 after acquiring an additional 6,298 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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, PNC Financial Services Group Inc. grew its holdings in shares of Jamf by 24.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,261 shares of the company's stock worth $817,000 after purchasing an additional 9,030 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on JAMF. Canaccord Genuity Group raised their target price on shares of Jamf from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, June 4th. Mizuho raised their price target on Jamf from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada raised their price target on Jamf from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Jamf presently has an average rating of "Moderate Buy" and a consensus price target of $24.14.

Check Out Our Latest Report on JAMF

Insider Buying and Selling

In related news, Director Dean Hager sold 30,442 shares of Jamf stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $15.46, for a total value of $470,633.32. Following the completion of the sale, the director now directly owns 339,639 shares in the company, valued at approximately $5,250,818.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Jamf news, CEO John Strosahl sold 25,000 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $15.39, for a total transaction of $384,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,043,965 shares in the company, valued at approximately $16,066,621.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dean Hager sold 30,442 shares of the business's stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $15.46, for a total value of $470,633.32. Following the sale, the director now owns 339,639 shares of the company's stock, valued at $5,250,818.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,607 shares of company stock worth $1,128,725. 2.30% of the stock is owned by corporate insiders.

Jamf Price Performance

Shares of NASDAQ:JAMF opened at $16.83 on Friday. Jamf Holding Corp. has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day moving average price of $16.72 and a 200-day moving average price of $18.07. The company has a market capitalization of $2.16 billion, a PE ratio of -19.80, a PEG ratio of 32.61 and a beta of 0.41.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Jamf had a negative return on equity of 4.86% and a negative net margin of 18.33%. The firm had revenue of $152.12 million during the quarter, compared to the consensus estimate of $149.21 million. During the same period last year, the company earned ($0.08) earnings per share. The company's revenue was up 15.1% on a year-over-year basis. As a group, equities analysts expect that Jamf Holding Corp. will post 0.01 EPS 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.

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