Wellington Management Group LLP Has $142.16 Million Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Wellington Management Group LLP lifted its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,871,450 shares of the company’s stock after purchasing an additional 462,257 shares during the period. Wellington Management Group LLP owned approximately 6.20% of Jamf worth $142,158,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JAMF. Assetmark Inc. lifted its holdings in Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after buying an additional 559 shares during the period. International Assets Investment Management LLC acquired a new position in Jamf in the fourth quarter valued at approximately $163,000. Dynamic Technology Lab Private Ltd acquired a new position in Jamf in the fourth quarter valued at approximately $184,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Jamf by 73.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock valued at $224,000 after buying an additional 5,264 shares during the period. Finally, Olympiad Research LP acquired a new position in Jamf in the fourth quarter valued at approximately $388,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JAMF has been the topic of several analyst reports. Mizuho increased their price objective on shares of Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada increased their price objective on shares of Jamf from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, June 4th. Canaccord Genuity Group upped their target price on shares of Jamf from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Barclays upped their target price on shares of Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.14.

Jamf Stock Down 2.3 %

Shares of JAMF stock opened at $15.18 on Thursday. The firm has a fifty day moving average of $17.65 and a 200-day moving average of $18.22. 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 Holding Corp. has a 12-month low of $14.83 and a 12-month high of $22.89. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -17.86, a P/E/G ratio of 27.66 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. Jamf had a negative net margin of 18.33% and a negative return on equity of 4.86%. The company had revenue of $152.12 million during the quarter, compared to the consensus estimate of $149.21 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts predict that Jamf Holding Corp. will post 0.01 earnings per share for the current fiscal year.

Insider Activity at Jamf

In related news, CFO Ian Goodkind sold 51,439 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.07, for a total value of $1,032,380.73. Following the completion of the transaction, the chief financial officer now owns 244,699 shares of the company’s stock, valued at $4,911,108.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Ian Goodkind sold 51,439 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.07, for a total value of $1,032,380.73. Following the completion of the transaction, the chief financial officer now owns 244,699 shares of the company’s stock, valued at $4,911,108.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Linh Lam sold 2,200 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total transaction of $44,066.00. Following the completion of the sale, the insider now owns 200,585 shares of the company’s stock, valued at approximately $4,017,717.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,076 shares of company stock valued at $2,310,855. Corporate insiders own 2.30% of the company’s stock.

Jamf 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.