Jamf (NASDAQ:JAMF - Get Free Report) had its price objective reduced by Royal Bank of Canada from $23.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 31.12% from the stock's current price.
A number of other equities research analysts also recently commented on JAMF. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Morgan Stanley started coverage on Jamf in a report on Monday, October 14th. They set an "equal weight" rating and a $20.00 price target for the company. Barclays dropped their price objective on Jamf from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, January 10th. Finally, Piper Sandler decreased their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.
Read Our Latest Report on JAMF
Jamf Stock Up 0.6 %
Shares of JAMF stock traded up $0.09 during trading on Tuesday, reaching $14.49. The company's stock had a trading volume of 651,865 shares, compared to its average volume of 595,114. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -26.34, a P/E/G ratio of 0.99 and a beta of 0.37. Jamf has a 1-year low of $13.40 and a 1-year high of $21.41. 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 price is $14.66 and its 200 day moving average price is $16.49.
Insiders Place Their Bets
In related news, CAO Anthony Grabenau sold 3,706 shares of the 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAMF. SG Americas Securities LLC grew its stake in Jamf by 54.0% during the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after buying an additional 10,199 shares during the period. Dakota Wealth Management boosted its position in Jamf by 44.6% during the 4th quarter. Dakota Wealth Management now owns 17,015 shares of the company's stock worth $239,000 after purchasing an additional 5,249 shares during the period. Nordea Investment Management AB increased its holdings in Jamf by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 153,736 shares of the company's stock valued at $2,192,000 after purchasing an additional 5,171 shares in the last quarter. Versant Capital Management Inc lifted its position in 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 acquiring an additional 795 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Jamf by 28.2% in 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. Institutional investors and hedge funds own 93.81% of the company's stock.
About Jamf
(
Get Free Report)
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.
Featured Stories
Before you consider Jamf, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jamf wasn't on the list.
While Jamf currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
