Jamf Holding Corp. (NASDAQ:JAMF) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP raised its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 2,977.5% during the second quarter, HoldingsChannel reports. The fund owned 1,015,770 shares of the company’s stock after acquiring an additional 982,764 shares during the quarter. Marshall Wace LLP’s holdings in Jamf were worth $16,760,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock valued at $38,000 after buying an additional 2,318 shares in the last quarter. Fifth Third Bancorp bought a new position in Jamf during the second quarter worth $45,000. Assetmark Inc. lifted its stake in Jamf by 20.6% during the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after purchasing an additional 559 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in Jamf by 40.0% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after purchasing an additional 949 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Jamf by 33.4% during 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 last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Stock Up 0.1 %

JAMF stock opened at $17.50 on Friday. The firm’s 50-day moving average is $17.82 and its two-hundred day moving average is $17.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -20.59, a price-to-earnings-growth ratio of 8.20 and a beta of 0.41. Jamf Holding Corp. has a 52 week low of $14.68 and a 52 week high of $21.41.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The firm had revenue of $153.02 million for the quarter, compared to analysts’ expectations of $151.66 million. During the same period in the previous year, the business earned ($0.19) earnings per share. Jamf’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts forecast that Jamf Holding Corp. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Linh Lam sold 5,445 shares of Jamf stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the transaction, the insider now directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Jamf news, insider Beth Tschida sold 1,696 shares of Jamf stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the transaction, the insider now owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Linh Lam sold 5,445 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research report on Tuesday. Canaccord Genuity Group dropped their price target on 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 restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday. Finally, The Goldman Sachs Group started coverage on Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.38.

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.