BNP Paribas Financial Markets Buys New Position in Jamf Holding Corp. (NASDAQ:JAMF)

BNP Paribas Financial Markets bought a new stake in Jamf Holding Corp. (NASDAQ:JAMF) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 66,297 shares of the company’s stock, valued at approximately $931,000.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Jamf by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock worth $152,375,000 after buying an additional 841,239 shares in the last quarter. Clearbridge Investments LLC boosted its position in Jamf by 20.2% during the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Marshall Wace LLP grew its stake in Jamf by 61.9% in the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company’s stock worth $10,940,000 after acquiring an additional 297,804 shares during the period. 272 Capital LP acquired a new position in Jamf in the 4th quarter valued at $2,927,000. Finally, Dimensional Fund Advisors LP raised its holdings in Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock valued at $29,242,000 after acquiring an additional 167,909 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on Jamf from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Mizuho set a $15.00 price target on Jamf in a report on Wednesday, April 16th. 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, William Blair reiterated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.80.

Jamf Price Performance

JAMF stock opened at $10.74 on Thursday. The company has a market cap of $1.42 billion, a PE ratio of -19.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $13.75. Jamf Holding Corp. has a 12-month low of $9.95 and a 12-month high of $19.05.

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 analyst estimates of $166.22 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. Jamf’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that Jamf Holding Corp. will post 0.05 EPS for the current year.

Insider Activity at Jamf

In other Jamf news, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 487,810 shares in the company, valued at $6,522,019.70. The trade was a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anthony Grabenau sold 9,701 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value 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 $788,065.60. The trade was a 14.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 248,912 shares of company stock worth $3,355,739. Company insiders own 2.70% of the company’s stock.

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.