Connor Clark & Lunn Investment Management Ltd. Buys 47,138 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 19.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,070 shares of the company’s stock after buying an additional 47,138 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Jamf were worth $3,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blair William & Co. IL boosted its position in Jamf by 10.3% during the first quarter. Blair William & Co. IL now owns 250,562 shares of the company’s stock worth $3,044,000 after purchasing an additional 23,411 shares during the period. XTX Topco Ltd bought a new stake in Jamf during the first quarter valued at approximately $256,000. Cetera Investment Advisers raised its stake in shares of Jamf by 44.9% during the first quarter. Cetera Investment Advisers now owns 14,978 shares of the company’s stock worth $182,000 after acquiring an additional 4,638 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Jamf in the 1st quarter worth approximately $238,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Jamf in the 1st quarter worth approximately $927,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JAMF. Bank of America lowered their price objective on shares of Jamf from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. Needham & Company LLC decreased their target price on shares of Jamf from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Canaccord Genuity Group decreased their target price on shares of Jamf from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. JMP Securities decreased their target price on shares of Jamf from $27.00 to $18.00 and set a “market outperform” rating on the stock in a research note on Friday, August 8th. Finally, Mizuho set a $12.00 target price on shares of Jamf in a research note on Friday, August 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Jamf Stock Up 4.6%

NASDAQ JAMF opened at $8.60 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.45. The company has a market capitalization of $1.13 billion, a P/E ratio of -22.05, a P/E/G ratio of 1.55 and a beta of 0.36. Jamf Holding Corp. has a one year low of $7.09 and a one year high of $18.99. The stock has a 50 day moving average price of $8.78 and a 200-day moving average price of $11.34.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $176.50 million during the quarter, compared to the consensus estimate of $168.58 million. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%. Jamf’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. As a group, equities analysts predict that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jamf news, insider Elizabeth Benz sold 11,526 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total value of $123,328.20. Following the sale, the insider owned 347,249 shares in the company, valued at $3,715,564.30. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dean Hager sold 27,720 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $286,624.80. Following the completion of the sale, the director owned 270,347 shares in the company, valued at approximately $2,795,387.98. The trade was a 9.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is currently owned by company 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.