Jamf (NASDAQ:JAMF - Get Free Report) had its price target reduced by equities research analysts at Barclays from $17.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 14.61% from the stock's previous close.
JAMF has been the subject of several other research reports. Canaccord Genuity Group reissued a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada lowered their price objective on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. William Blair reaffirmed an "outperform" rating on shares of Jamf in a report on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Jamf currently has an average rating of "Moderate Buy" and a consensus price target of $21.70.
Read Our Latest Research Report on Jamf
Jamf Stock Up 1.5 %
Shares of NASDAQ JAMF traded up $0.20 during midday trading on Friday, hitting $13.96. The company's stock had a trading volume of 649,274 shares, compared to its average volume of 617,870. The business's fifty day simple moving average is $14.78 and its two-hundred day simple moving average is $15.93. 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 has a 1 year low of $13.30 and a 1 year high of $21.41. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -25.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38.
Insiders Place Their Bets
In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the sale, the chief accounting officer now owns 33,479 shares of the company's stock, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.
Institutional Trading of Jamf
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in Jamf by 1,635.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,069 shares of the company's stock valued at $192,000 after buying an additional 10,431 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock worth $24,190,000 after buying an additional 306,558 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of Jamf in the 3rd quarter worth about $237,000. Assetmark Inc. raised its stake in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock valued at $63,000 after purchasing an additional 1,327 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.
About Jamf
(
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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.
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