Quarry LP Increases Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Quarry LP lifted its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 130.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,478 shares of the company’s stock after buying an additional 1,405 shares during the period. Quarry LP’s holdings in Jamf were worth $43,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JAMF. EVR Research LP boosted its position in shares of Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after buying an additional 1,160,000 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after buying an additional 982,764 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares during the last quarter. Crestwood Capital Management L.P. purchased a new position in shares of Jamf during the third quarter valued at approximately $3,470,000. Finally, Edgestream Partners L.P. purchased a new position in Jamf in the second quarter worth $2,232,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

Shares of JAMF opened at $15.05 on Wednesday. The firm has a market cap of $1.92 billion, a PE ratio of -27.55, a PEG ratio of 6.60 and a beta of 0.36. The stock’s fifty day moving average price is $16.06 and its two-hundred day moving average price is $16.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a 1 year low of $14.02 and a 1 year high of $21.41.

Insider Activity at Jamf

In related news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the sale, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JAMF has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. Morgan Stanley initiated coverage on Jamf in a research report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Jamf in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.75.

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.