Oppenheimer Asset Management Inc. Buys New Position in Jamf Holding Corp. (NASDAQ:JAMF)

Oppenheimer Asset Management Inc. bought a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,071 shares of the company’s stock, valued at approximately $183,000.

Several other large investors also recently added to or reduced their stakes in JAMF. 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 buying an additional 6,298 shares during the period. Dimensional Fund Advisors LP grew its position in Jamf by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock valued at $29,554,000 after buying an additional 265,040 shares during the period. Norges Bank bought a new stake in Jamf during the fourth quarter valued at approximately $13,169,000. Dynamic Technology Lab Private Ltd bought a new stake in Jamf during the fourth quarter valued at approximately $184,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Jamf by 24.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,261 shares of the company’s stock valued at $817,000 after purchasing an additional 9,030 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors.

Jamf Price Performance

JAMF stock opened at $18.49 on Monday. Jamf Holding Corp. has a one year low of $14.68 and a one year high of $21.41. The company’s fifty day moving average price is $17.90 and its 200-day moving average price is $17.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $2.38 billion, a PE ratio of -21.75, a price-to-earnings-growth ratio of 7.64 and a beta of 0.41.

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

Insider Activity at Jamf

In related news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the sale, the insider now owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the sale, the insider now owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the insider now directly owns 333,631 shares in the company, valued at approximately $6,258,917.56. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on JAMF. Canaccord Genuity Group lowered their price target on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, June 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.