US Bancorp DE Reduces Position in Jamf Holding Corp. (NASDAQ:JAMF)

US Bancorp DE cut its holdings in Jamf Holding Corp. (NASDAQ:JAMF) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,144 shares of the company’s stock after selling 726 shares during the quarter. US Bancorp DE’s holdings in Jamf were worth $141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 2,318 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Jamf in the second quarter valued at about $45,000. EntryPoint Capital LLC increased its stake 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 acquiring an additional 949 shares during the period. Advisors Asset Management Inc. lifted its position in Jamf by 33.4% in 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. Finally, Canada Pension Plan Investment Board purchased a new stake in Jamf in the 2nd quarter valued at approximately $81,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Jamf Price Performance

Shares of NASDAQ JAMF opened at $14.84 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -26.65, a PEG ratio of 7.54 and a beta of 0.41. The company’s 50-day moving average price is $17.00 and its 200 day moving average price is $17.28. Jamf Holding Corp. has a 52 week low of $14.47 and a 52 week high of $21.41.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Jamf in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Friday, October 4th. Canaccord Genuity Group cut their price target 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. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Finally, Morgan Stanley began coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.75.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value 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 represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by corporate 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.