Jamf Holding Corp. (NASDAQ:JAMF) Receives Average Rating of "N/A" from Brokerages

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) has received an average rating of "N/A" from the zero analysts that are presently covering the stock, MarketBeat Ratings reports.

Several research firms recently weighed in on JAMF. Royal Bank of Canada decreased their price objective on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley started coverage on shares of Jamf in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $16.00 price target on the stock. Piper Sandler dropped their price objective on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. started coverage on Jamf in a research note on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th.

Jamf Price Performance

Jamf stock traded up $0.11 during midday trading on Friday, hitting $12.49. 150,961 shares of the company's stock were exchanged, compared to its average volume of 574,452. The company has a market cap of $1.62 billion, a P/E ratio of -22.71, a PEG ratio of 1.02 and a beta of 0.39. 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 stock has a 50-day moving average price of $14.36 and a two-hundred day moving average price of $15.25. Jamf has a 52-week low of $11.99 and a 52-week high of $21.41.

Insider Transactions at Jamf

In related news, insider Beth Tschida sold 88,797 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now owns 487,810 shares in the company, valued at $6,522,019.70. This represents a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction 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 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 ninety days, insiders sold 252,618 shares of company stock worth $3,408,105. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Jamf

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after buying an additional 841,239 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after acquiring an additional 409,531 shares during the period. Principal Financial Group Inc. raised 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 acquiring an additional 306,558 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Jamf by 61.9% in the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock valued at $10,940,000 after purchasing an additional 297,804 shares during the period. Finally, 272 Capital LP bought a new stake in shares of Jamf during the fourth quarter valued at approximately $2,927,000. 93.81% of the stock is 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.