AlphaQuest LLC Purchases 29,708 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

AlphaQuest LLC increased its position in Jamf Holding Corp. (NASDAQ:JAMF) by 5,521.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,246 shares of the company’s stock after acquiring an additional 29,708 shares during the period. AlphaQuest LLC’s holdings in Jamf were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Quarry LP raised its holdings in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the period. Blue Trust Inc. increased its position in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after buying an additional 2,523 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after buying an additional 1,327 shares during the period. 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. Finally, Assetmark Inc. grew its stake in shares of Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after acquiring an additional 1,387 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Insider Activity at Jamf

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the transaction, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Jamf Stock Down 2.7 %

NASDAQ JAMF opened at $12.92 on Friday. The stock has a 50 day moving average price of $14.66 and a 200-day moving average price of $15.73. Jamf Holding Corp. has a one year low of $12.90 and a one year high of $21.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1.67 billion, a P/E ratio of -23.49, a P/E/G ratio of 1.02 and a beta of 0.39.

Wall Street Analysts Forecast Growth

JAMF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a research note on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price on the stock. Piper Sandler lowered their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Barclays cut their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Royal Bank of Canada lowered their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.70.

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.