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

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $11.72 and last traded at $11.88, with a volume of 182069 shares changing hands. The stock had previously closed at $12.65.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group restated a "buy" rating and set a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Barclays dropped their target price on shares of Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada reduced their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Morgan Stanley started coverage on Jamf in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Jamf in a report on Thursday, February 6th. They set an "overweight" rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Jamf currently has a consensus rating of "Moderate Buy" and an average price target of $21.30.

Jamf Stock Down 0.9 %

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 stock has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $14.97. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -18.80, a P/E/G ratio of 1.02 and a beta of 0.43.

Insider Buying and Selling at Jamf

In other news, CEO John Strosahl sold 56,170 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the sale, the chief executive officer now directly owns 1,540,226 shares of the company's stock, valued at approximately $20,931,671.34. This represents a 3.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 252,618 shares of company stock valued at $3,408,105 in the last quarter. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Jamf

A number of large investors have recently bought and sold shares of JAMF. GAMMA Investing LLC boosted its position in shares of Jamf by 32,950.0% during the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after acquiring an additional 3,295 shares in the last quarter. Quarry LP boosted its holdings in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after purchasing an additional 1,405 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc raised its holdings 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 worth $57,000 after buying an additional 795 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Jamf by 51.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after buying an additional 2,500 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.