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

Jamf (NASDAQ:JAMF - Free Report) had its price target cut by Barclays from $20.00 to $17.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts also recently commented on JAMF. Piper Sandler cut their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday. Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They issued an "equal weight" rating and a $20.00 target price on the stock. JMP Securities restated a "market outperform" rating and issued a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.44.

Jamf Price Performance

NASDAQ JAMF traded down $0.36 during trading on Friday, hitting $13.77. 435,126 shares of the company's stock were exchanged, compared to its average volume of 450,538. The stock's 50 day moving average price is $14.98 and its two-hundred day moving average price is $16.58. Jamf has a fifty-two week low of $13.55 and a fifty-two week high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.76 billion, a PE ratio of -25.04, a P/E/G ratio of 6.33 and a beta of 0.37.

Insiders Place Their Bets

In other Jamf news, insider Linh Lam sold 7,702 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 187,438 shares of the company's stock, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Jamf

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Jamf by 6.0% during the 3rd quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company's stock valued at $173,569,000 after purchasing an additional 565,008 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Jamf by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company's stock worth $30,216,000 after purchasing an additional 15,946 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock valued at $30,391,000 after acquiring an additional 134,314 shares during the period. EVR Research LP boosted its holdings in shares of Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company's stock worth $25,905,000 after purchasing an additional 1,160,000 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock worth $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company's stock.

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.