Jamf (NASDAQ:JAMF) Price Target Lowered to $23.00 at Piper Sandler

Jamf (NASDAQ:JAMF - Free Report) had its price target reduced by Piper Sandler from $25.00 to $23.00 in a research report sent to investors on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms have also commented on JAMF. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price target on shares of Jamf in a report on Friday, October 4th. Morgan Stanley began coverage on Jamf in a research note on Monday, October 14th. They issued an "equal weight" rating and a $20.00 target price for the company. Finally, JMP Securities reiterated a "market outperform" rating and set a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.78.

Jamf Stock Performance

JAMF traded up $0.09 during trading hours on Monday, hitting $14.36. 516,267 shares of the stock were exchanged, compared to its average volume of 423,622. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -26.11, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37. The stock has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $16.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf has a 12 month low of $13.84 and a 12 month high of $21.41.

Insiders Place Their Bets

In other Jamf news, insider Linh Lam sold 7,702 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. EVR Research LP boosted its stake in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company's stock valued at $25,905,000 after purchasing an additional 1,160,000 shares in the last quarter. Marshall Wace LLP boosted its stake in Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company's stock valued at $16,760,000 after buying an additional 982,764 shares in the last quarter. Wellington Management Group LLP grew its holdings in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company's stock worth $173,569,000 after acquiring an additional 565,008 shares during the period. Principal Financial Group Inc. raised its position in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock worth $24,190,000 after acquiring an additional 306,558 shares in the last quarter. Finally, Crestwood Capital Management L.P. acquired a new stake in Jamf in the 3rd quarter valued at about $3,470,000. Institutional investors and hedge funds 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.