Migdal Insurance & Financial Holdings Ltd. Sells 872 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Migdal Insurance & Financial Holdings Ltd. cut its position in Jamf Holding Corp. (NASDAQ:JAMF) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,533 shares of the company’s stock after selling 872 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Jamf were worth $162,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after purchasing an additional 795 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in 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 purchasing an additional 1,327 shares in the last quarter. Assetmark Inc. raised its holdings in Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares in the last quarter. Quarry LP grew its stake in shares of Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after acquiring an additional 2,523 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. Piper Sandler dropped their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley assumed coverage on Jamf in a research note on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Jamf in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.80.

Insider Transactions at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 2.30% of the company’s stock.

Jamf Trading Down 2.6 %

Jamf stock opened at $15.54 on Friday. 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. Jamf Holding Corp. has a 12 month low of $13.40 and a 12 month high of $21.41. The stock’s 50 day simple moving average is $14.77 and its two-hundred day simple moving average is $16.27. The company has a current ratio of 0.95, a quick 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.