Dakota Wealth Management Sells 616 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Dakota Wealth Management trimmed its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,766 shares of the company’s stock after selling 616 shares during the period. Dakota Wealth Management’s holdings in Jamf were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JAMF. International Assets Investment Management LLC boosted its holdings in shares of Jamf by 1,635.0% in the third quarter. International Assets Investment Management LLC now owns 11,069 shares of the company’s stock valued at $192,000 after buying an additional 10,431 shares during the period. Trust Point Inc. boosted its holdings in Jamf by 11.2% during the third quarter. Trust Point Inc. now owns 33,443 shares of the company’s stock worth $580,000 after purchasing an additional 3,362 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Jamf by 16.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 76,117 shares of the company’s stock worth $1,256,000 after purchasing an additional 10,557 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Jamf by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock worth $685,000 after purchasing an additional 4,204 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new position in Jamf during the second quarter worth $565,000. 93.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Jamf news, insider Linh Lam sold 7,702 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the transaction, the insider now owns 187,438 shares in the company, valued at $3,103,973.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

JAMF has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of Jamf in a research report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Jamf in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price for the company. Canaccord Genuity Group cut their target price on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Friday, October 4th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Jamf Stock Performance

NASDAQ JAMF opened at $16.73 on Wednesday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -19.68, a PEG ratio of 8.76 and a beta of 0.41. The company has a fifty day moving average price of $17.44 and a 200-day moving average price of $17.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. Jamf Holding Corp. has a 1 year low of $14.68 and a 1 year high of $21.41.

Jamf (NASDAQ:JAMF) last issued its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) earnings per share. As a group, equities research analysts predict that Jamf Holding Corp. will post 0.03 EPS for the current fiscal year.

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.