Amalgamated Bank Sells 678 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Amalgamated Bank lessened its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,817 shares of the company’s stock after selling 678 shares during the period. Amalgamated Bank’s holdings in Jamf were worth $177,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Keenan Capital LLC boosted its stake in Jamf by 6.0% during the 3rd quarter. Keenan Capital LLC now owns 2,730,496 shares of the company’s stock valued at $48,221,000 after purchasing an additional 153,849 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of Jamf in the 3rd quarter worth $2,378,000. Vanguard Group Inc. boosted its stake in shares of Jamf by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company’s stock worth $126,952,000 after buying an additional 130,500 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Jamf by 6.0% in the 3rd quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company’s stock worth $36,344,000 after buying an additional 115,808 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Jamf by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,538 shares of the company’s stock worth $7,851,000 after buying an additional 49,252 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JAMF. Royal Bank of Canada raised their price target on Jamf from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Monday. Canaccord Genuity Group lifted their target price on Jamf from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Mizuho lifted their target price on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Barclays lifted their target price on Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.14.

Insider Transactions at Jamf

In other news, Director Dean Hager sold 73,730 shares of Jamf stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $17.76, for a total value of $1,309,444.80. Following the sale, the director now directly owns 385,665 shares of the company’s stock, valued at $6,849,410.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Beth Tschida sold 7,526 shares of Jamf stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $18.27, for a total value of $137,500.02. Following the completion of the transaction, the insider now owns 340,422 shares in the company, valued at $6,219,509.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dean Hager sold 73,730 shares of Jamf stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $17.76, for a total value of $1,309,444.80. Following the completion of the transaction, the director now owns 385,665 shares of the company’s stock, valued at approximately $6,849,410.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 239,323 shares of company stock valued at $4,393,336. 2.30% of the stock is currently owned by insiders.

Jamf Price Performance

NASDAQ:JAMF opened at $16.40 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $18.56 and its two-hundred day simple moving average is $18.35. The stock has a market cap of $2.11 billion, a PE ratio of -19.29, a P/E/G ratio of 30.90 and a beta of 0.47. Jamf Holding Corp. has a 52 week low of $14.83 and a 52 week high of $22.89.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $152.12 million for the quarter, compared to analysts’ expectations of $149.21 million. Jamf had a negative return on equity of 4.86% and a negative net margin of 18.33%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share. As a group, analysts forecast that Jamf Holding Corp. will post 0.01 EPS for the current fiscal year.

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.