Jamf (NASDAQ:JAMF) Hits New 52-Week Low - Here's Why

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.84 and last traded at $13.88, with a volume of 32059 shares changing hands. The stock had previously closed at $14.26.

Analysts Set New Price Targets

A number of equities analysts recently commented on JAMF shares. JMP Securities restated a "market outperform" rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Morgan Stanley initiated coverage on shares of Jamf in a report on Monday, October 14th. They set an "equal weight" rating and a $20.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Jamf in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and five have given 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 $22.75.

Jamf Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The stock's 50 day moving average is $15.49 and its two-hundred day moving average is $16.68. The firm has a market cap of $1.81 billion, a P/E ratio of -25.82, a PEG ratio of 6.33 and a beta of 0.36.

Insiders Place Their Bets

In other Jamf news, insider Linh Lam sold 7,702 shares of the business's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the transaction, the insider now owns 187,438 shares of the company's stock, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its position in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after purchasing an additional 1,327 shares during the period. Assetmark Inc. grew its position in shares of Jamf by 45.9% during the 3rd 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. Quarry LP raised its stake 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 buying an additional 1,405 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Jamf by 14.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company's stock valued at $234,000 after buying an additional 1,755 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Jamf by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company's stock valued at $775,000 after acquiring an additional 3,154 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Company Profile

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.