Washington Harbour Partners LP Makes New $2.63 Million Investment in Jamf Holding Corp. (NASDAQ:JAMF)

Washington Harbour Partners LP purchased a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) in the first quarter, according to its most recent filing with the SEC. The firm purchased 143,200 shares of the company’s stock, valued at approximately $2,628,000. Jamf accounts for about 4.3% of Washington Harbour Partners LP’s portfolio, making the stock its 10th largest position.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Jamf during the fourth quarter worth $13,169,000. Wellington Management Group LLP boosted its position in shares of Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after buying an additional 462,257 shares in the last quarter. Optimus Prime Fund Management Co. Ltd. grew its stake in Jamf by 116.9% in the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock valued at $12,732,000 after acquiring an additional 380,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Jamf by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock valued at $29,554,000 after acquiring an additional 265,040 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Jamf by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company’s stock worth $126,952,000 after acquiring an additional 130,500 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Trading Down 3.5 %

Shares of JAMF stock traded down $0.64 during mid-day trading on Thursday, hitting $17.67. 440,990 shares of the company’s stock were exchanged, compared to its average volume of 534,799. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -20.79, a PEG ratio of 32.74 and a beta of 0.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a fifty-two week low of $14.68 and a fifty-two week high of $21.41. The stock has a 50-day simple moving average of $16.70 and a two-hundred day simple moving average of $18.09.

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

Insider Activity at Jamf

In other Jamf news, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total transaction of $31,816.96. Following the transaction, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Ian Goodkind sold 5,580 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $15.48, for a total transaction of $86,378.40. Following the completion of the sale, the chief financial officer now owns 239,119 shares in the company, valued at approximately $3,701,562.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now directly owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,246 shares of company stock worth $2,205,172. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on JAMF shares. Royal Bank of Canada increased their price target on shares of Jamf from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, June 4th. Canaccord Genuity Group boosted their price target on Jamf from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Mizuho increased their price objective on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.14.

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.