Assetmark Inc. Increases Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Assetmark Inc. lifted its position in Jamf Holding Corp. (NASDAQ:JAMF) by 45.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,406 shares of the company’s stock after purchasing an additional 1,387 shares during the quarter. Assetmark Inc.’s holdings in Jamf were worth $76,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in 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 buying an additional 2,318 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Jamf during the second quarter worth about $45,000. EntryPoint Capital LLC lifted its position in shares of Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after purchasing an additional 949 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Jamf by 33.4% during the first 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 in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Jamf during the second quarter worth about $81,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

Shares of Jamf stock opened at $14.68 on Tuesday. The firm has a market capitalization of $1.87 billion, a P/E ratio of -26.69, a P/E/G ratio of 6.35 and a beta of 0.41. Jamf Holding Corp. has a 52 week low of $14.42 and a 52 week high of $21.41. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $16.89 and its two-hundred day moving average is $17.17.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JAMF. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Canaccord Genuity Group reduced their price target on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Morgan Stanley started coverage on shares of Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of Jamf in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Jamf presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 7,702 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

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.