Rhumbline Advisers Has $1.69 Million Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Rhumbline Advisers grew its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,206 shares of the company’s stock after buying an additional 5,376 shares during the quarter. Rhumbline Advisers owned 0.08% of Jamf worth $1,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC increased its stake in Jamf by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 519,865 shares of the company’s stock valued at $8,578,000 after buying an additional 6,662 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Jamf by 9.8% during the second quarter. Principal Financial Group Inc. now owns 1,087,669 shares of the company’s stock valued at $17,947,000 after acquiring an additional 97,120 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Jamf by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock worth $234,000 after acquiring an additional 1,755 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Jamf by 37.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,467 shares of the company’s stock worth $198,000 after purchasing an additional 3,401 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in Jamf in the 2nd quarter valued at $45,000. 93.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, insider Linh Lam sold 5,445 shares of the business’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 completion of the transaction, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Beth Tschida sold 1,696 shares of the company’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 transaction, the insider now directly owns 333,631 shares in the company, valued at $6,258,917.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Linh Lam sold 5,445 shares of Jamf stock in a transaction that occurred 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 disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Jamf Stock Down 0.5 %

Jamf stock opened at $18.49 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -21.75, a P/E/G ratio of 7.64 and a beta of 0.41. The firm has a 50 day simple moving average of $17.90 and a 200 day simple moving average of $17.65. Jamf Holding Corp. has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53.

Jamf (NASDAQ:JAMF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The company 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 firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.19) EPS. On average, analysts predict that Jamf Holding Corp. will post 0.04 earnings per share for the current year.

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.