Symmetry Investments LP Makes New $256,000 Investment in Jamf Holding Corp. (NASDAQ:JAMF)

Symmetry Investments LP purchased a new position in Jamf Holding Corp. (NASDAQ:JAMF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,500 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also made changes to their positions in JAMF. Versant Capital Management Inc boosted its position in Jamf by 17,830.8% in the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock valued at $38,000 after buying an additional 2,318 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Jamf in the second quarter worth $45,000. Assetmark Inc. increased its stake in shares of Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after acquiring an additional 559 shares during the period. EntryPoint Capital LLC raised its holdings 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 during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Jamf by 33.4% during the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after purchasing an additional 1,043 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jamf news, insider Linh Lam sold 5,445 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the sale, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Jamf news, 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 completion of the sale, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Beth Tschida sold 1,696 shares of Jamf stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the transaction, the insider now 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 currently owned by company insiders.

Jamf Trading Down 0.5 %

JAMF stock opened at $18.49 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average is $17.90 and its 200 day moving average is $17.65. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -21.75, a PEG ratio of 7.64 and a beta of 0.41. Jamf Holding Corp. has a 12-month low of $14.68 and a 12-month high of $21.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The company had revenue of $153.02 million for the quarter, compared to analyst estimates of $151.66 million. During the same quarter last year, the firm posted ($0.19) EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Jamf Holding Corp. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on JAMF. The Goldman Sachs Group assumed coverage on Jamf in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price target for the company. Canaccord Genuity Group cut their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, June 4th. Finally, JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research note on Wednesday. Two investment 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 an average target price of $23.38.

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.