Jamf Holding Corp. (NASDAQ:JAMF) Sees Significant Decline in Short Interest

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,800,000 shares, a decrease of 7.3% from the November 30th total of 3,020,000 shares. Based on an average daily volume of 501,300 shares, the short-interest ratio is currently 5.6 days. Approximately 4.8% of the shares of the company are sold short.

Jamf Price Performance

Shares of JAMF stock traded down $0.06 during trading hours on Monday, hitting $14.20. The stock had a trading volume of 349,067 shares, compared to its average volume of 511,597. The stock's 50-day moving average price is $15.49 and its two-hundred day moving average price is $16.68. Jamf has a one year low of $13.84 and a one year high of $21.41. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -25.82, a PEG ratio of 6.33 and a beta of 0.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JAMF. The Goldman Sachs Group assumed coverage on shares of Jamf in a research report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. JMP Securities reissued a "market outperform" rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Finally, Morgan Stanley initiated coverage on Jamf in a research note on Monday, October 14th. They issued an "equal weight" rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 7,702 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP raised its stake in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after purchasing an additional 1,405 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after buying an additional 1,327 shares during the last quarter. Assetmark Inc. raised its position in shares of Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after buying an additional 1,387 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Jamf in the 2nd quarter valued at about $81,000. Finally, Sandia Investment Management LP purchased a new position in Jamf in the second quarter worth about $82,000. 93.81% of the stock is currently owned by institutional investors.

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.