Jamf (NASDAQ:JAMF) Coverage Initiated at Morgan Stanley

Investment analysts at Morgan Stanley initiated coverage on shares of Jamf (NASDAQ:JAMF - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm set an "equal weight" rating and a $16.00 price target on the stock. Morgan Stanley's target price indicates a potential upside of 21.49% from the stock's current price.

A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Barclays decreased their price objective on shares of Jamf from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Canaccord Genuity Group reissued a "buy" rating and issued a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Finally, William Blair reissued an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Jamf currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.30.

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Jamf Stock Performance

NASDAQ JAMF traded down $0.25 on Tuesday, reaching $13.17. 1,387,035 shares of the company's stock traded hands, compared to its average volume of 552,279. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -23.95, a P/E/G ratio of 1.02 and a beta of 0.39. The stock has a 50 day moving average price of $14.57 and a 200-day moving average price of $15.50. Jamf has a fifty-two week low of $12.90 and a fifty-two week high of $21.41. 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 related news, insider Beth Tschida sold 88,797 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were 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 of the company's stock, valued at approximately $6,522,019.70. This trade represents a 15.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth Benz sold 57,380 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $780,368.00. Following the sale, the insider now owns 358,775 shares in the company, valued at approximately $4,879,340. This trade represents a 13.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,618 shares of company stock valued at $3,408,105. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Jamf

A number of hedge funds and other institutional investors have recently modified their holdings of JAMF. Wellington Management Group LLP raised its holdings in shares of Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after purchasing an additional 841,239 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after purchasing an additional 409,531 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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 valued at $24,190,000 after purchasing an additional 306,558 shares in the last quarter. Marshall Wace LLP raised its holdings 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 in the last quarter. Finally, 272 Capital LP acquired a new stake in shares of Jamf in the 4th quarter valued at $2,927,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.