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

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,240,000 shares, a decrease of 21.4% from the January 15th total of 2,850,000 shares. Based on an average trading volume of 604,600 shares, the short-interest ratio is currently 3.7 days. Currently, 3.8% of the shares of the stock are sold short.

Jamf Trading Down 1.5 %

NASDAQ:JAMF traded down $0.23 on Wednesday, reaching $15.41. The company's stock had a trading volume of 664,350 shares, compared to its average volume of 552,573. Jamf has a 1-year low of $13.40 and a 1-year high of $21.41. The business's 50-day moving average price is $14.84 and its two-hundred day moving average price is $16.09. The firm has a market cap of $1.97 billion, a PE ratio of -28.02, a PEG ratio of 1.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Buying and Selling

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the sale, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Jamf

Several hedge funds have recently bought and sold shares of the stock. Quarry LP increased its position in shares of Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company's stock worth $43,000 after acquiring an additional 1,405 shares in the last quarter. Blue Trust Inc. increased its holdings in Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock worth $50,000 after purchasing an additional 2,523 shares in the last quarter. Venturi Wealth Management LLC raised its stake 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 valued at $63,000 after purchasing an additional 1,327 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after purchasing an additional 795 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company's stock worth $76,000 after buying an additional 1,387 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JAMF. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Barclays cut their price target on Jamf from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada dropped their price objective on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an "overweight" rating and a $20.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.80.

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.