Dragoneer Investment Group LLC Sells 2,936,175 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Dragoneer Investment Group LLC lowered its position in Jamf Holding Corp. (NASDAQ:JAMF) by 17.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,450,843 shares of the company’s stock after selling 2,936,175 shares during the period. Jamf comprises approximately 3.3% of Dragoneer Investment Group LLC’s holdings, making the stock its 12th largest position. Dragoneer Investment Group LLC owned 10.54% of Jamf worth $188,984,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Blue Trust Inc. boosted its position 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. Canada Pension Plan Investment Board lifted its stake in Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after purchasing an additional 2,500 shares in the last quarter. Versor Investments LP bought a new position in shares of Jamf during the 4th quarter valued at about $142,000. Mindset Wealth Management LLC purchased a new position in shares of Jamf during the fourth quarter valued at about $145,000. Finally, Cetera Investment Advisers bought a new stake in shares of Jamf in the fourth quarter worth about $145,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Insider Activity

In related news, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the sale, the chief executive officer now directly owns 1,540,226 shares in the company, valued at $20,931,671.34. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dean Hager sold 36,864 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following the completion of the sale, the director now owns 302,775 shares of the company’s stock, valued at approximately $4,048,101.75. This represents a 10.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,912 shares of company stock valued at $3,355,739. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho set a $15.00 price target on Jamf in a report on Wednesday, April 16th. Barclays reduced their price target on shares of Jamf from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.60.

Jamf Stock Performance

Jamf stock opened at $11.36 on Wednesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of -20.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. The company’s 50-day moving average is $12.14 and its 200 day moving average is $14.14. Jamf Holding Corp. has a 1-year low of $9.95 and a 1-year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Jamf’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Research analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current year.

Jamf 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.