Cornercap Investment Counsel Inc. Sells 6,358 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Cornercap Investment Counsel Inc. lowered its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 18.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. 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 reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of 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 acquired a new position in shares of Jamf in the second quarter valued at $45,000. EntryPoint Capital LLC grew its stake in shares of Jamf by 40.0% in 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 grew its stake in shares of Jamf by 57.1% in 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. grew its stake in shares of Jamf by 33.4% in 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.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Jamf news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the sale, the insider now directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

Jamf Price Performance

JAMF opened at $14.84 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.91. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.98, a P/E/G ratio of 7.54 and a beta of 0.41. The firm’s fifty day moving average price is $16.95 and its two-hundred day moving average price is $17.23. Jamf Holding Corp. has a 1 year low of $14.47 and a 1 year high of $21.41.

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.