Cornercap Investment Counsel Inc. Reduces Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Cornercap Investment Counsel Inc. decreased its position in Jamf Holding Corp. (NASDAQ:JAMF) by 18.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,721 shares of the company’s stock after selling 6,358 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Jamf were worth $481,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Jamf by 17,830.8% in the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after purchasing an additional 2,318 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Jamf during the second quarter valued at $45,000. EntryPoint Capital LLC increased its holdings in shares of Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after acquiring an additional 949 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Jamf by 33.4% during the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after acquiring an additional 1,043 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now owns 187,438 shares of the company’s stock, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Jamf Stock Down 3.1 %

Shares of JAMF opened at $14.84 on Friday. The business’s 50 day moving average is $16.95 and its 200 day moving average is $17.23. The company has a market capitalization of $1.89 billion, a PE ratio of -26.98, a price-to-earnings-growth ratio of 7.54 and a beta of 0.41. Jamf Holding Corp. has a 12-month low of $14.47 and a 12-month high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

Several research firms recently commented on JAMF. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Friday, October 4th. The Goldman Sachs Group assumed coverage on Jamf in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective for the company. Canaccord Genuity Group dropped their target price on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley assumed coverage on Jamf in a research report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.75.

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.