Barclays Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF - Get Free Report) had its price objective reduced by research analysts at Barclays from $16.00 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 13.94% from the stock's current price.

A number of other research firms have also commented on JAMF. Piper Sandler cut their price objective on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. William Blair reissued an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Finally, Mizuho set a $15.00 target price on shares of Jamf in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.60.

Jamf Trading Down 1.0 %

JAMF traded down $0.12 during trading on Monday, reaching $11.41. 44,919 shares of the company's stock were exchanged, compared to its average volume of 608,095. 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 has a one year low of $9.95 and a one year high of $21.41. The stock has a market capitalization of $1.48 billion, a PE ratio of -20.78, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. The firm has a fifty day moving average price of $12.70 and a two-hundred day moving average price of $14.45.

Insider Activity at Jamf

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Strosahl sold 56,170 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction 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 approximately $20,931,671.34. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 248,912 shares of company stock valued at $3,355,739. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Jamf by 32,950.0% in the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after purchasing an additional 3,295 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Jamf in the first quarter valued at approximately $41,000. Blue Trust Inc. grew its stake in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after acquiring an additional 2,523 shares in the last quarter. Versant Capital Management Inc increased its holdings in Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock worth $57,000 after acquiring an additional 795 shares during the period. Finally, 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. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

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.