Squarepoint Ops LLC Makes New Investment in Jamf Holding Corp. (NASDAQ:JAMF)

Squarepoint Ops LLC acquired a new stake in Jamf Holding Corp. (NASDAQ:JAMF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 66,711 shares of the company’s stock, valued at approximately $1,101,000. Squarepoint Ops LLC owned approximately 0.05% of Jamf at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JAMF. Campbell & CO Investment Adviser LLC boosted its stake in Jamf by 10.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 22,671 shares of the company’s stock valued at $409,000 after purchasing an additional 2,192 shares in the last quarter. Ghisallo Capital Management LLC acquired a new position in Jamf during the fourth quarter worth about $651,000. Optimus Prime Fund Management Co. Ltd. raised its position in Jamf by 116.9% in the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock worth $12,732,000 after acquiring an additional 380,000 shares in the last quarter. Wellington Management Group LLP raised its position in Jamf by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Jamf by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 7,277,732 shares of the company’s stock valued at $131,436,000 after acquiring an additional 89,057 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Insider Buying and Selling at Jamf

In other Jamf news, insider Linh Lam sold 5,445 shares of Jamf 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 sale, the insider now owns 195,140 shares of the company’s stock, valued at $3,582,770.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Linh Lam sold 5,445 shares of the firm’s 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 transaction, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

JAMF has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Jamf in a research note 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 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 reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Friday. Finally, JMP Securities restated a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.38.

Jamf Price Performance

JAMF opened at $17.27 on Friday. Jamf Holding Corp. has a 12-month low of $14.68 and a 12-month high of $21.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.22 billion, a P/E ratio of -20.32, a PEG ratio of 8.20 and a beta of 0.41. The stock has a fifty day moving average of $17.67 and a 200-day moving average of $17.62.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $153.02 million during 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 business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted ($0.19) EPS. Equities analysts forecast that Jamf Holding Corp. will post 0.04 EPS for the current fiscal 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.