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

Shares of Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.25 and last traded at $13.14, with a volume of 239003 shares trading hands. The stock had previously closed at $13.81.

Analysts Set New Price Targets

JAMF has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a "buy" rating and set a $21.00 target price on shares of Jamf in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. William Blair reiterated an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Finally, Barclays decreased their price target on shares of Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Jamf presently has an average rating of "Moderate Buy" and an average target price of $21.70.

Jamf Stock Up 0.4 %

The stock has a market cap of $1.69 billion, a P/E ratio of -23.80, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. The company's fifty day moving average price is $14.72 and its 200-day moving average price is $15.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

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Insiders Place Their Bets

In other news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the sale, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 306,558 shares during the period. Assetmark Inc. boosted its position in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after buying an additional 1,387 shares during the period. Venturi Wealth Management LLC grew its stake in Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after acquiring an additional 1,327 shares in the last quarter. Empowered Funds LLC bought a new position in Jamf in the 3rd quarter worth about $1,217,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Jamf by 18.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 180,301 shares of the company's stock worth $3,128,000 after acquiring an additional 27,925 shares during the period. Institutional investors 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.