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

Jane Street Group LLC lowered its position in Jamf Holding Corp. (NASDAQ:JAMF) by 52.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Jamf by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock valued at $173,569,000 after purchasing an additional 565,008 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jamf by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock valued at $30,216,000 after acquiring an additional 15,946 shares during the last quarter. EVR Research LP boosted its stake in shares of Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after acquiring an additional 1,160,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after acquiring an additional 306,558 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after acquiring an additional 982,764 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jamf Price Performance

JAMF stock opened at $14.20 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a 52-week low of $13.84 and a 52-week high of $21.41. The stock’s 50 day moving average is $15.49 and its two-hundred day moving average is $16.68. The company has a market capitalization of $1.81 billion, a PE ratio of -25.82, a P/E/G ratio of 6.33 and a beta of 0.36.

Insider Transactions at Jamf

In other news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction that occurred on 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 owns 187,438 shares in the company, valued at approximately $3,103,973.28. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

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.