Bridgefront Capital LLC Takes Position in Jamf Holding Corp. (NASDAQ:JAMF)

Bridgefront Capital LLC bought a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,335 shares of the company’s stock, valued at approximately $173,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after acquiring an additional 841,239 shares during the last quarter. Clearbridge Investments LLC increased its stake in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after purchasing an additional 409,531 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Jamf by 28.2% during 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 in the last quarter. Marshall Wace LLP lifted its position in shares of Jamf by 61.9% during the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company’s stock worth $10,940,000 after buying an additional 297,804 shares during the last quarter. Finally, 272 Capital LP acquired a new position in shares of Jamf in the 4th quarter valued at $2,927,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Jamf in a research report on Friday, February 28th. Mizuho set a $15.00 price target on Jamf in a research report on Wednesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Finally, Barclays lifted their target price on shares of Jamf from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.80.

Jamf Stock Up 3.4 %

Shares of Jamf stock opened at $11.29 on Friday. The company has a market cap of $1.49 billion, a P/E ratio of -20.53, a PEG ratio of 1.02 and a beta of 0.44. The firm has a fifty day moving average of $12.04 and a two-hundred day moving average of $14.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf Holding Corp. has a one year low of $9.95 and a one year high of $21.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million for the quarter, compared to analysts’ expectations of $166.22 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insider Activity at Jamf

In related news, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now owns 487,810 shares of the company’s stock, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Strosahl sold 56,170 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares of the company’s stock, valued at approximately $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock worth $3,355,739 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

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.