Jamf Holding Corp. (NASDAQ:JAMF) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP reduced its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,893 shares of the company’s stock after selling 7,347 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Jamf were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings 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 purchasing an additional 2,523 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after purchasing an additional 2,500 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Jamf in the fourth quarter valued at about $142,000. Cetera Investment Advisers purchased a new stake in shares of Jamf in the fourth quarter valued at about $145,000. Finally, Mindset Wealth Management LLC purchased a new stake in shares of Jamf in the fourth quarter valued at about $145,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on JAMF shares. Mizuho set a $15.00 price target on shares of Jamf in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Barclays upped their price objective on shares of Jamf from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Insider Transactions at Jamf

In related news, CAO Anthony Grabenau sold 9,701 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the sale, the chief accounting officer now directly owns 57,946 shares of the company’s stock, valued at approximately $788,065.60. This trade represents a 14.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Beth Tschida sold 88,797 shares of the firm’s stock in a transaction on 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 directly 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 disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock valued at $3,355,739 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Jamf Stock Performance

NASDAQ:JAMF opened at $11.58 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.53 billion, a P/E ratio of -21.05, a P/E/G ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $19.05. The firm’s 50 day moving average is $11.83 and its two-hundred day moving average is $13.90.

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

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.