William Blair Reaffirms Outperform Rating for Jamf (NASDAQ:JAMF)

William Blair reaffirmed their outperform rating on shares of Jamf (NASDAQ:JAMF - Free Report) in a report published on Friday morning,RTT News reports.

Other analysts also recently issued reports about the company. Needham & Company LLC restated a "buy" rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, January 21st. Barclays reduced their price objective on shares of Jamf from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 price target on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Jamf Trading Up 1.5 %

Shares of NASDAQ:JAMF traded up $0.20 during midday trading on Friday, reaching $13.96. The company's stock had a trading volume of 649,274 shares, compared to its average volume of 617,870. The firm has a 50 day moving average price of $14.80 and a two-hundred day moving average price of $15.96. Jamf has a fifty-two week low of $13.30 and a fifty-two week high of $21.41. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -25.38, a PEG ratio of 1.02 and a beta of 0.38. 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 Jamf stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the sale, the chief accounting officer now directly owns 33,479 shares in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Jamf

Institutional investors have recently added to or reduced their stakes in the stock. Crestwood Capital Management L.P. purchased a new position in Jamf in the third quarter valued at about $3,470,000. Franklin Resources Inc. lifted its stake in Jamf by 8.0% in the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock valued at $8,664,000 after purchasing an additional 38,429 shares during the last quarter. Geode Capital Management LLC grew its holdings in Jamf by 8.3% during the third 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 during the period. Atom Investors LP grew its holdings in Jamf by 213.4% during the third quarter. Atom Investors LP now owns 132,036 shares of the company's stock valued at $2,291,000 after purchasing an additional 89,901 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Jamf by 54.0% in the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock valued at $409,000 after buying an additional 10,199 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.