Edgestream Partners L.P. Invests $2.23 Million in Jamf Holding Corp. (NASDAQ:JAMF)

Edgestream Partners L.P. bought a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 135,260 shares of the company’s stock, valued at approximately $2,232,000. Edgestream Partners L.P. owned about 0.11% of Jamf at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in JAMF. Versant Capital Management Inc grew its stake in shares of Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after acquiring an additional 2,318 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Jamf in the 2nd quarter worth approximately $45,000. Assetmark Inc. grew its position in Jamf by 20.6% during the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after purchasing an additional 559 shares during the last quarter. EntryPoint Capital LLC increased its stake in Jamf by 40.0% during the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after purchasing an additional 949 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Jamf by 33.4% in the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after buying an additional 1,043 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Stock Performance

Shares of JAMF stock opened at $17.95 on Thursday. 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 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.31 billion, a PE ratio of -21.12, a price-to-earnings-growth ratio of 7.64 and a beta of 0.41. The business has a 50-day simple moving average of $17.88 and a 200-day simple moving average of $17.64.

Jamf (NASDAQ:JAMF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $153.02 million for the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS. On average, equities analysts expect that Jamf Holding Corp. will post 0.04 EPS for the current year.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now owns 195,140 shares in the company, valued at $3,582,770.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Beth Tschida sold 1,696 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total transaction of $31,816.96. Following the completion of the sale, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a research note on Tuesday, June 4th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a report on Wednesday. Finally, Canaccord Genuity Group decreased their target price on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.38.

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.