Trexquant Investment LP Decreases Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Trexquant Investment LP reduced its position in Jamf Holding Corp. (NASDAQ:JAMF) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,088 shares of the company’s stock after selling 45,907 shares during the quarter. Trexquant Investment LP’s holdings in Jamf were worth $662,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares during the last quarter. Sei Investments Co. boosted its holdings in Jamf by 2.0% in the fourth quarter. Sei Investments Co. now owns 109,654 shares of the company’s stock worth $1,541,000 after acquiring an additional 2,104 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after acquiring an additional 2,523 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Jamf by 7.6% during the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company’s stock valued at $775,000 after acquiring an additional 3,154 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Jamf by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 153,736 shares of the company’s stock valued at $2,192,000 after purchasing an additional 5,171 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jamf

In other Jamf news, Director Dean Hager sold 36,864 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $492,871.68. Following the transaction, the director now owns 302,775 shares in the company, valued at approximately $4,048,101.75. This represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Strosahl sold 56,170 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the sale, the chief executive officer now owns 1,540,226 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 252,618 shares of company stock worth $3,408,105. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JAMF shares. Barclays dropped their target price on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Morgan Stanley assumed coverage on Jamf in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Piper Sandler decreased their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Three equities 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, the company currently has an average rating of “Moderate Buy” and an average price target of $21.30.

Jamf Price Performance

Shares of NASDAQ JAMF opened at $11.18 on Friday. 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 stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -20.33, a PEG ratio of 1.02 and a beta of 0.43. The firm’s 50 day simple moving average is $13.57 and its 200-day simple moving average is $14.81. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month high of $21.41.

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.