Jamf Holding Corp. (NASDAQ:JAMF) Sees Large Drop in Short Interest

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,310,000 shares, a decrease of 8.8% from the October 15th total of 3,630,000 shares. Based on an average daily volume of 410,100 shares, the days-to-cover ratio is presently 8.1 days. Currently, 5.7% of the company's stock are short sold.

Insider Transactions at Jamf

In other news, insider Linh Lam sold 5,445 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the sale, the insider now directly owns 195,140 shares of the company's stock, valued at $3,582,770.40. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Trading of Jamf

Several hedge funds have recently bought and sold shares of JAMF. Vanguard Group Inc. boosted its holdings in Jamf by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company's stock worth $135,923,000 after buying an additional 129,489 shares during the period. 272 Capital LP boosted its position in shares of Jamf by 41.4% during the second quarter. 272 Capital LP now owns 151,932 shares of the company's stock worth $2,507,000 after acquiring an additional 44,486 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in Jamf during the first quarter valued at $1,203,000. Marshall Wace LLP increased its holdings in Jamf by 2,977.5% in the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company's stock valued at $16,760,000 after acquiring an additional 982,764 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Jamf during the 2nd quarter valued at about $1,101,000. Institutional investors own 93.81% of the company's stock.

Jamf Stock Performance

JAMF traded down $0.16 during midday trading on Monday, hitting $14.68. 513,160 shares of the company traded hands, compared to its average volume of 498,728. The firm has a market capitalization of $1.87 billion, a PE ratio of -26.69, a price-to-earnings-growth ratio of 6.35 and a beta of 0.41. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company's 50-day moving average is $16.89 and its 200 day moving average is $17.17. Jamf has a 52 week low of $14.42 and a 52 week high of $21.41.

Wall Street Analyst Weigh In

JAMF has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price objective on Jamf from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and set a $25.00 target price on shares of Jamf in a research report on Friday, October 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 target price on shares of Jamf in a research note on Tuesday, October 1st. Morgan Stanley started coverage on shares of Jamf in a research report on Monday, October 14th. They set an "equal weight" rating and a $20.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on Jamf in a research note on Tuesday, September 3rd. They set a "neutral" rating and a $21.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

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.