Principal Financial Group Inc. Reduces Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

Principal Financial Group Inc. cut its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,285,208 shares of the company’s stock after selling 109,019 shares during the quarter. Principal Financial Group Inc. owned about 1.01% of Jamf worth $18,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP grew its holdings in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after acquiring an additional 2,523 shares during the period. Venturi Wealth Management LLC grew its stake in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after acquiring an additional 1,327 shares in the last quarter. Versant Capital Management Inc increased its holdings in Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after acquiring an additional 795 shares during the period. Finally, Assetmark Inc. increased its holdings in Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after acquiring an additional 1,387 shares during the period. 93.81% of the stock is currently owned by institutional investors.

Insider Transactions at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the transaction, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

JAMF has been the subject of a number of recent analyst reports. Barclays reduced their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. initiated coverage on Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Piper Sandler lowered their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jamf presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

Jamf Stock Down 1.4 %

Shares of JAMF opened at $14.75 on Tuesday. Jamf Holding Corp. has a 1 year low of $13.40 and a 1 year high of $21.41. 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 50 day simple moving average of $14.84 and a two-hundred day simple moving average of $16.06. The firm has a market cap of $1.88 billion, a P/E ratio of -26.82, a P/E/G ratio of 1.02 and a beta of 0.38.

About Jamf

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.