Needham & Company LLC Reiterates "Buy" Rating for Jamf (NASDAQ:JAMF)

Jamf (NASDAQ:JAMF - Get Free Report)'s stock had its "buy" rating reiterated by Needham & Company LLC in a research note issued on Tuesday,Benzinga reports. They currently have a $25.00 price target on the stock. Needham & Company LLC's price target would indicate a potential upside of 86.15% from the company's previous close.

JAMF has been the topic of several other reports. Barclays reduced their price target on Jamf from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. William Blair reissued an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Piper Sandler dropped their price target on shares of Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. initiated coverage on Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 price objective for the company. 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, Jamf presently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Jamf Price Performance

Shares of JAMF traded down $0.38 during trading hours on Tuesday, reaching $13.43. The stock had a trading volume of 766,873 shares, compared to its average volume of 624,902. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf has a 12 month low of $13.11 and a 12 month high of $21.41. The stock has a market capitalization of $1.74 billion, a PE ratio of -24.42, a PEG ratio of 1.02 and a beta of 0.39. The company's 50-day moving average is $14.76 and its two-hundred day moving average is $15.91.

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Insiders Place Their Bets

In other news, CAO Anthony Grabenau sold 3,706 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were 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 $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after purchasing an additional 841,239 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Jamf by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock valued at $123,030,000 after buying an additional 114,036 shares during the period. Clearbridge Investments LLC raised its stake in Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after buying an additional 409,531 shares during the period. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock valued at $30,391,000 after acquiring an additional 134,314 shares during the period. Institutional investors and hedge funds 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.