Migdal Insurance & Financial Holdings Ltd. Decreases Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,533 shares of the company’s stock after selling 872 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Jamf were worth $162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP lifted 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 buying an additional 1,405 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after buying an additional 2,523 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after buying an additional 795 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Jamf by 57.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Down 2.6 %

NASDAQ JAMF opened at $15.54 on Friday. Jamf Holding Corp. has a 52 week low of $13.40 and a 52 week high of $21.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $14.77 and its 200-day simple moving average is $16.27. The firm has a market cap of $1.98 billion, a PE ratio of -28.25, a P/E/G ratio of 1.04 and a beta of 0.38.

Analyst Ratings Changes

A number of research analysts have weighed in on JAMF shares. Piper Sandler decreased their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Barclays decreased their price objective on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. started coverage on Jamf in a report on Thursday. They issued an “overweight” rating and a $20.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday, January 21st. Finally, Morgan Stanley started coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.80.

Insider Transactions at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the sale, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

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.