Jamf Holding Corp. (NASDAQ:JAMF) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 54.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,000 shares of the company’s stock after selling 56,900 shares during the quarter. Primecap Management Co. CA’s holdings in Jamf were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in shares of Jamf by 17,830.8% during the 2nd 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 period. Fifth Third Bancorp purchased a new position in Jamf during the second quarter worth about $45,000. Assetmark Inc. boosted its holdings in Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after purchasing an additional 559 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of 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 buying an additional 949 shares during the period. Finally, 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 buying an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Jamf Stock Performance

NASDAQ JAMF opened at $17.95 on Thursday. The company has a market cap of $2.31 billion, a P/E ratio of -21.12, a P/E/G ratio of 7.64 and a beta of 0.41. Jamf Holding Corp. has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a 50-day moving average of $17.88 and a two-hundred day moving average of $17.64.

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

Insider Activity at Jamf

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

Wall Street Analyst Weigh In

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