Migdal Insurance & Financial Holdings Ltd. Sells 2,954 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Migdal Insurance & Financial Holdings Ltd. decreased its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 25.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,717 shares of the company’s stock after selling 2,954 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Jamf were worth $160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Jamf by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company’s stock valued at $126,952,000 after purchasing an additional 130,500 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Jamf by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 182,194 shares of the company’s stock valued at $3,316,000 after purchasing an additional 49,120 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Jamf by 15.9% in the 3rd quarter. Peregrine Capital Management LLC now owns 600,151 shares of the company’s stock valued at $10,599,000 after purchasing an additional 82,503 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Jamf by 29.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 18,206 shares of the company’s stock valued at $322,000 after purchasing an additional 4,106 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Jamf by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,538 shares of the company’s stock valued at $7,851,000 after purchasing an additional 49,252 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JAMF shares. Mizuho cut their price objective on shares of Jamf from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Barclays lifted their price objective on shares of Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Thursday, March 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Jamf Trading Up 0.1 %

NASDAQ:JAMF opened at $18.51 on Friday. Jamf Holding Corp. has a twelve month low of $14.83 and a twelve month high of $22.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day moving average is $18.56 and its two-hundred day moving average is $17.87.

Jamf (NASDAQ:JAMF) last released its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $150.65 million for the quarter, compared to the consensus estimate of $148.34 million. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. On average, sell-side analysts expect that Jamf Holding Corp. will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jamf news, CFO Ian Goodkind sold 7,735 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $17.85, for a total transaction of $138,069.75. Following the sale, the chief financial officer now owns 300,981 shares of the company’s stock, valued at approximately $5,372,510.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO John Strosahl sold 33,961 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $17.89, for a total value of $607,562.29. Following the sale, the chief executive officer now directly owns 1,101,639 shares of the company’s stock, valued at approximately $19,708,321.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ian Goodkind sold 7,735 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $17.85, for a total transaction of $138,069.75. Following the completion of the sale, the chief financial officer now directly owns 300,981 shares in the company, valued at $5,372,510.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,835 shares of company stock valued at $3,212,929. Insiders own 2.80% of the company’s stock.

Jamf Company 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.