Riverbridge Partners LLC Sells 194,209 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Riverbridge Partners LLC decreased its position in Jamf Holding Corp. (NASDAQ:JAMF) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,448,874 shares of the company’s stock after selling 194,209 shares during the period. Riverbridge Partners LLC owned 1.14% of Jamf worth $20,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after purchasing an additional 795 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after acquiring an additional 1,327 shares during the last quarter. Assetmark Inc. grew its holdings in Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after acquiring an additional 1,387 shares during the period. Quarry LP raised its position in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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 purchasing an additional 3,154 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JAMF shares. Royal Bank of Canada dropped their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Morgan Stanley began coverage on shares of Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. Barclays lowered their price objective on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Finally, Piper Sandler decreased their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Insider Buying and Selling at Jamf

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the transaction, the chief accounting officer now directly owns 33,479 shares in the company, valued at $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The transaction 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.

Jamf Price Performance

Shares of JAMF opened at $14.73 on Thursday. Jamf Holding Corp. has a twelve month low of $13.40 and a twelve month high of $21.41. The company has a 50 day moving average of $14.63 and a 200-day moving average of $16.46. The stock has a market capitalization of $1.88 billion, a P/E ratio of -26.78, a P/E/G ratio of 1.00 and a beta of 0.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

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.