Jamf (NASDAQ:JAMF) Reaches New 52-Week Low - Should You Sell?

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $12.80 and last traded at $12.81, with a volume of 9409 shares. The stock had previously closed at $12.95.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JAMF. Royal Bank of Canada lowered their target price on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. William Blair reissued an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Morgan Stanley initiated coverage on shares of Jamf in a report on Tuesday, March 18th. They set an "equal weight" rating and a $16.00 price objective on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.30.

Jamf Stock Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -22.14, a P/E/G ratio of 1.02 and a beta of 0.39. The business has a 50-day moving average price of $14.45 and a 200-day moving average price of $15.32.

Insider Buying and Selling

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the sale, the chief accounting officer now owns 33,479 shares of the company's stock, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Strosahl sold 56,170 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total value of $763,350.30. Following the sale, the chief executive officer now owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,618 shares of company stock worth $3,408,105 in the last three months. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Jamf

Institutional investors have recently bought and sold shares of the business. Quarry LP increased its stake in shares of Jamf by 130.9% in 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 during the period. Blue Trust Inc. grew its position 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 during the period. Versant Capital Management Inc raised its stake in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after buying an additional 795 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after acquiring an additional 2,500 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Jamf during the 4th quarter valued at approximately $142,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.