Jamf Holding Corp. $JAMF Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC reduced its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,099,637 shares of the company’s stock after selling 75,142 shares during the quarter. Riverbridge Partners LLC owned about 0.83% of Jamf worth $11,766,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sunriver Management LLC raised its holdings in shares of Jamf by 46.9% in the second quarter. Sunriver Management LLC now owns 4,519,582 shares of the company’s stock worth $42,981,000 after buying an additional 1,441,908 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Jamf by 133.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company’s stock worth $13,023,000 after acquiring an additional 781,968 shares during the last quarter. Marshall Wace LLP raised its stake in Jamf by 181.7% in the 2nd quarter. Marshall Wace LLP now owns 1,366,919 shares of the company’s stock worth $12,999,000 after acquiring an additional 881,745 shares during the last quarter. Northern Trust Corp lifted its position in Jamf by 1.0% during the 1st quarter. Northern Trust Corp now owns 811,760 shares of the company’s stock worth $9,863,000 after acquiring an additional 7,730 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Jamf by 340.0% in the second quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company’s stock valued at $6,208,000 after purchasing an additional 504,425 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on JAMF shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $13.00 price objective (up from $12.00) on shares of Jamf in a research note on Monday, November 3rd. Wall Street Zen cut Jamf from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citizens Jmp cut Jamf from a “market outperform” rating to a “hold” rating in a report on Wednesday, December 3rd. Canaccord Genuity Group lowered Jamf from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $13.05 in a report on Wednesday, October 29th. Finally, Mizuho cut Jamf from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th.

Jamf Trading Down 0.1%

Shares of Jamf stock opened at $13.00 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $12.31 and a 200-day simple moving average of $10.36. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -40.63, a PEG ratio of 2.55 and a beta of 0.46. Jamf Holding Corp. has a 12-month low of $7.09 and a 12-month high of $16.12.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $183.49 million during the quarter, compared to analysts’ expectations of $177.15 million. Jamf had a negative net margin of 5.98% and a positive return on equity of 4.43%. Jamf’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. On average, equities analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 3,210 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $9.95, for a total transaction of $31,939.50. Following the transaction, the insider owned 250,308 shares in the company, valued at $2,490,564.60. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Strosahl sold 43,650 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $9.88, for a total value of $431,262.00. Following the completion of the sale, the chief executive officer owned 1,480,451 shares of the company’s stock, valued at approximately $14,626,855.88. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. 2.70% of the stock is 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.