Wellington Management Group LLP Raises Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Wellington Management Group LLP boosted its position in Jamf Holding Corp. (NASDAQ:JAMF) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,845,212 shares of the company’s stock after acquiring an additional 841,239 shares during the period. Wellington Management Group LLP owned 8.38% of Jamf worth $152,375,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JAMF. Vanguard Group Inc. increased its stake in Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after purchasing an additional 114,036 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after buying an additional 409,531 shares in the last quarter. Geode Capital Management LLC lifted its stake in Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after purchasing an additional 134,314 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after buying an additional 306,558 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Jamf by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 574,912 shares of the company’s stock valued at $8,078,000 after acquiring an additional 22,646 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

Shares of JAMF stock opened at $12.65 on Thursday. The stock has a market cap of $1.64 billion, a PE ratio of -23.00, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 52-week low of $11.99 and a 52-week high of $21.41. The business has a 50-day simple moving average of $14.32 and a 200-day simple moving average of $15.23. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Analysts Set New Price Targets

Several research analysts have commented on JAMF shares. Royal Bank of Canada dropped their price objective on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Barclays cut their price target on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Finally, Piper Sandler lowered 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

Insider Buying and Selling at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the sale, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth Benz sold 57,380 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $780,368.00. Following the sale, the insider now directly owns 358,775 shares in the company, valued at approximately $4,879,340. The trade was a 13.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,618 shares of company stock valued at $3,408,105. 2.30% of the stock is owned by company insiders.

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.