Fmr LLC Acquires 13,441 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Fmr LLC lifted its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 25.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,654 shares of the company’s stock after purchasing an additional 13,441 shares during the period. Fmr LLC’s holdings in Jamf were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Jamf by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company’s stock valued at $775,000 after buying an additional 3,154 shares during the period. Crestwood Capital Management L.P. bought a new stake in shares of Jamf in the 3rd quarter valued at about $3,470,000. Charles Schwab Investment Management Inc. raised its position in shares of Jamf by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 552,266 shares of the company’s stock valued at $9,582,000 after acquiring an additional 42,582 shares during the period. Intech Investment Management LLC bought a new position in Jamf during the 3rd quarter worth approximately $279,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Jamf by 18.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 180,301 shares of the company’s stock valued at $3,128,000 after purchasing an additional 27,925 shares during the period. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Stock Performance

JAMF opened at $15.04 on Tuesday. 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 company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -27.35, a P/E/G ratio of 6.47 and a beta of 0.36. The business’s 50-day moving average price is $15.87 and its two-hundred day moving average price is $16.73. Jamf Holding Corp. has a 1 year low of $14.02 and a 1 year high of $21.41.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

Jamf Company 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.