Jane Street Group LLC Reduces Position in Jamf Holding Corp. (NASDAQ:JAMF)

Jane Street Group LLC trimmed its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 52.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,900 shares of the company’s stock after selling 67,819 shares during the period. Jane Street Group LLC’s holdings in Jamf were worth $1,074,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Crestwood Capital Management L.P. purchased a new stake in Jamf in the third quarter worth about $3,470,000. Atom Investors LP increased its holdings in Jamf by 213.4% in the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock worth $2,291,000 after acquiring an additional 89,901 shares in the last quarter. 272 Capital LP raised its stake in Jamf by 41.4% during the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after acquiring an additional 44,486 shares during the period. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after purchasing an additional 306,558 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after purchasing an additional 982,764 shares in the last quarter. 93.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on JAMF. Morgan Stanley assumed coverage on Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target for the company. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. The Goldman Sachs Group initiated coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Finally, 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Insider Transactions at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the transaction, the insider now directly owns 187,438 shares of the company’s stock, valued at $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

Jamf Price Performance

Shares of Jamf stock opened at $14.20 on Tuesday. The business has a 50 day simple moving average of $15.49 and a two-hundred day simple moving average of $16.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1.81 billion, a P/E ratio of -25.82, a PEG ratio of 6.33 and a beta of 0.36. Jamf Holding Corp. has a 12 month low of $13.84 and a 12 month high of $21.41.

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.