Trexquant Investment LP Lowers Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Trexquant Investment LP lowered its holdings in Jamf Holding Corp. (NASDAQ:JAMF) by 49.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,088 shares of the company’s stock after selling 45,907 shares during the period. Trexquant Investment LP’s holdings in Jamf were worth $662,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JAMF. Blue Trust Inc. raised its holdings in Jamf by 238.0% in 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 during the period. Versant Capital Management Inc raised 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 acquiring an additional 795 shares during the period. Versor Investments LP acquired a new position in shares of Jamf in the 4th quarter worth approximately $142,000. Mindset Wealth Management LLC purchased a new position in shares of Jamf during the 4th quarter worth approximately $145,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Jamf in the 4th quarter valued at approximately $192,000. Institutional investors and hedge funds 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 that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now 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 SEC, which is available at this hyperlink. Also, CEO John Strosahl sold 56,170 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the sale, the chief executive officer now owns 1,540,226 shares of the company’s stock, valued at approximately $20,931,671.34. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,618 shares of company stock valued at $3,408,105 in the last ninety days. Insiders own 2.30% of the company’s stock.

Jamf Stock Performance

Shares of JAMF stock opened at $11.18 on Friday. Jamf Holding Corp. has a 12 month low of $9.95 and a 12 month high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.45 billion, a P/E ratio of -20.33, a PEG ratio of 1.02 and a beta of 0.43. The firm has a fifty day moving average price of $13.57 and a 200 day moving average price of $14.81.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley initiated coverage on Jamf in a research note on Tuesday, March 18th. They set an “equal weight” rating and a $16.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Royal Bank of Canada dropped their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Barclays reduced their price target on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

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.