Mindset Wealth Management LLC Invests $145,000 in Jamf Holding Corp. (NASDAQ:JAMF)

Mindset Wealth Management LLC acquired a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,342 shares of the company’s stock, valued at approximately $145,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its position in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after acquiring an additional 795 shares during the period. Quarry LP raised its holdings in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares during the period. Blue Trust Inc. boosted its holdings in Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after acquiring an additional 2,523 shares during the period. The Manufacturers Life Insurance Company grew its position in Jamf by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company’s stock valued at $775,000 after acquiring an additional 3,154 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Jamf by 9.6% during the third quarter. MetLife Investment Management LLC now owns 46,434 shares of the company’s stock worth $806,000 after purchasing an additional 4,057 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JAMF. Morgan Stanley initiated coverage on shares of Jamf in a research note on Tuesday. They set an “equal weight” rating and a $16.00 target price on the stock. Royal Bank of Canada cut their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Canaccord Genuity Group reissued a “buy” rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Barclays reduced their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.30.

Insiders Place Their Bets

In related news, insider Beth Tschida sold 88,797 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were 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 of the company’s stock, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,367 shares of company stock worth $1,732,453. 2.30% of the stock is owned by corporate insiders.

Jamf Price Performance

JAMF stock opened at $13.42 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 1.02 and a beta of 0.39. 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 firm has a 50 day moving average of $14.58 and a 200-day moving average of $15.55. Jamf Holding Corp. has a 12-month low of $12.90 and a 12-month high of $21.41.

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.