Connor Clark & Lunn Investment Management Ltd. Has $3.40 Million Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Jamf Holding Corp. (NASDAQ:JAMF) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 241,932 shares of the company’s stock after purchasing an additional 61,631 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Jamf were worth $3,399,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 in the last quarter. Versant Capital Management Inc grew 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 during the period. Assetmark Inc. increased its stake in Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Jamf during the fourth quarter valued at about $142,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction 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 sale, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JAMF. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Royal Bank of Canada decreased their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research note on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Piper Sandler dropped their price objective 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.70.

Jamf Stock Up 2.2 %

Jamf stock opened at $13.46 on Tuesday. Jamf Holding Corp. has a fifty-two week low of $12.90 and a fifty-two week 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 firm’s 50-day simple moving average is $14.62 and its 200 day simple moving average is $15.61. The stock has a market cap of $1.74 billion, a PE ratio of -24.47, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39.

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.