EP Wealth Advisors LLC Buys New Stake in Jamf Holding Corp. (NASDAQ:JAMF)

EP Wealth Advisors 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 Form 13F filing with the SEC. The fund bought 13,317 shares of the company’s stock, valued at approximately $187,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JAMF. Blue Trust Inc. grew its position 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 during the last quarter. Canada Pension Plan Investment Board boosted its stake in Jamf by 51.0% during the 4th 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 during the period. Versor Investments LP acquired a new stake in Jamf in the 4th quarter valued at approximately $142,000. Cetera Investment Advisers acquired a new stake in Jamf in the 4th quarter valued at approximately $145,000. Finally, Mindset Wealth Management LLC bought a new position in Jamf in the 4th quarter worth approximately $145,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

Jamf Stock Performance

NASDAQ JAMF opened at $11.67 on Thursday. Jamf Holding Corp. has a twelve month low of $9.95 and a twelve month high of $19.05. 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 stock has a market cap of $1.54 billion, a P/E ratio of -21.22, a PEG ratio of 1.02 and a beta of 0.44. The company’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $13.94.

Jamf (NASDAQ:JAMF) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The firm had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, research analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JAMF has been the subject of several research reports. Barclays increased their price objective on Jamf from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. William Blair reiterated an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Morgan Stanley dropped their price objective on shares of Jamf from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Mizuho set a $15.00 price objective on shares of Jamf in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and an average price target of $19.80.

Insiders Place Their Bets

In related news, insider Beth Tschida sold 88,797 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the sale, the insider now directly owns 487,810 shares of the company’s stock, valued at $6,522,019.70. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dean Hager sold 36,864 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 value of $492,871.68. Following the sale, the director now directly owns 302,775 shares of the company’s stock, valued at $4,048,101.75. This represents a 10.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock worth $3,355,739 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

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.