JPMorgan Chase & Co. Lowers Jamf (NASDAQ:JAMF) Price Target to $15.00

Jamf (NASDAQ:JAMF - Get Free Report) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $18.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 41.63% from the company's previous close.

A number of other brokerages also recently weighed in on JAMF. Royal Bank of Canada decreased their target price on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Piper Sandler cut their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Mizuho set a $15.00 price objective on shares of Jamf in a research note on Wednesday, April 16th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.60.

Jamf Stock Up 0.5 %

Jamf stock traded up $0.05 on Thursday, hitting $10.59. 136,578 shares of the stock traded hands, compared to its average volume of 599,654. The business's fifty day simple moving average is $12.98 and its 200 day simple moving average is $14.53. The firm has a market cap of $1.37 billion, a P/E ratio of -19.24, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 1 year low of $9.95 and a 1 year high of $21.41.

Insider Buying and Selling

In other news, CAO Anthony Grabenau sold 9,701 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the sale, the chief accounting officer now owns 57,946 shares of the company's stock, valued at $788,065.60. This represents a 14.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dean Hager sold 36,864 shares of the firm'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 $492,871.68. Following the completion of the transaction, the director now directly owns 302,775 shares in the company, valued at approximately $4,048,101.75. The trade was a 10.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock valued at $3,355,739 over the last 90 days. Company insiders own 2.30% of the company's stock.

Institutional Trading of Jamf

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Jamf by 12.3% during the third quarter. Barclays PLC now owns 201,473 shares of the company's stock valued at $3,495,000 after purchasing an additional 22,032 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after buying an additional 134,314 shares during the period. Franklin Resources Inc. increased its stake in Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock worth $8,664,000 after buying an additional 38,429 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after acquiring an additional 306,558 shares during the period. Finally, Versant Capital Management Inc boosted its stake 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 worth $57,000 after acquiring an additional 795 shares during the period. Institutional investors own 93.81% of the company's stock.

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.