272 Capital LP Acquires 44,486 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

272 Capital LP boosted its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 41.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,932 shares of the company’s stock after purchasing an additional 44,486 shares during the quarter. 272 Capital LP owned about 0.12% of Jamf worth $2,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of 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 acquiring an additional 559 shares during the period. EntryPoint Capital LLC boosted its holdings in Jamf by 40.0% in 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 during the period. ProShare Advisors LLC grew its position in Jamf by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock worth $233,000 after purchasing an additional 1,000 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Jamf by 33.4% during the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after purchasing an additional 1,043 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jamf by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock valued at $234,000 after buying an additional 1,755 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Jamf Stock Up 1.1 %

Shares of NASDAQ JAMF opened at $18.70 on Tuesday. Jamf Holding Corp. has a 52-week low of $14.68 and a 52-week high of $21.41. 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 business has a fifty day moving average of $17.91 and a two-hundred day moving average of $17.67. The stock has a market cap of $2.40 billion, a PE ratio of -22.00, a PEG ratio of 7.64 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $153.02 million during 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 firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted ($0.19) EPS. As a group, equities research analysts expect that Jamf Holding Corp. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Jamf news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the transaction, 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 Beth Tschida sold 1,696 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the transaction, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JAMF shares. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Wednesday, September 18th. Canaccord Genuity Group lowered their price objective on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group began coverage on Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 target price for the company. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Jamf currently has a consensus rating of “Moderate Buy” and an average 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.