Jamf (NASDAQ:JAMF) Price Target Lowered to $14.00 at Morgan Stanley

Jamf (NASDAQ:JAMF - Free Report) had its price objective lowered by Morgan Stanley from $16.00 to $14.00 in a research report released on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other brokerages have also issued reports on JAMF. Barclays lowered 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. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Royal Bank of Canada cut their price objective on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. started coverage on shares of Jamf in a report on Thursday, February 6th. They set an "overweight" rating and a $20.00 target price on the stock. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Jamf currently has an average rating of "Moderate Buy" and a consensus target price of $19.60.

Jamf Stock Down 2.6 %

Shares of JAMF traded down $0.28 during mid-day trading on Wednesday, hitting $10.54. 607,521 shares of the company's stock were exchanged, compared to its average volume of 601,463. 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 52 week low of $9.95 and a 52 week high of $21.41. The company has a market cap of $1.36 billion, a PE ratio of -19.16, a P/E/G ratio of 1.02 and a beta of 0.43. The company has a 50-day simple moving average of $13.09 and a 200 day simple moving average of $14.58.

Insider Activity

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the transaction, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. This trade represents a 14.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dean Hager sold 36,864 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following the completion of the transaction, the director now owns 302,775 shares in the company, valued at $4,048,101.75. This trade represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 248,912 shares of company stock valued at $3,355,739. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Jamf

A number of large investors have recently bought and sold shares of JAMF. Wellington Management Group LLP boosted its position in shares of Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after acquiring an additional 841,239 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock worth $123,030,000 after buying an additional 114,036 shares during the last quarter. Clearbridge Investments LLC grew its position in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jamf by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock worth $29,242,000 after acquiring an additional 167,909 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock valued at $30,391,000 after purchasing an additional 134,314 shares in 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.