Jamf (NASDAQ:JAMF) Sets New 12-Month Low - What's Next?

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $14.61 and last traded at $14.61, with a volume of 81091 shares trading hands. The stock had previously closed at $15.31.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JAMF shares. Canaccord Genuity Group decreased their target price on shares of Jamf from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group started coverage on shares of Jamf in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 target price for the company. Morgan Stanley began coverage on Jamf in a report on Monday, October 14th. They set an "equal weight" rating and a $20.00 price target on the stock. JMP Securities reiterated a "market outperform" rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Finally, Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of Jamf in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Jamf Stock Down 3.1 %

The company has a market capitalization of $1.89 billion, a PE ratio of -26.98, a P/E/G ratio of 7.54 and a beta of 0.41. The business has a 50-day moving average of $16.95 and a 200 day moving average of $17.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.91.

Insider Activity

In related news, insider Linh Lam sold 5,445 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now owns 195,140 shares of the company's stock, valued at approximately $3,582,770.40. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Jamf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company's stock valued at $38,000 after acquiring an additional 2,318 shares during the last quarter. Quarry LP grew its holdings in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after purchasing an additional 1,405 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Jamf in the 2nd quarter worth about $45,000. EntryPoint Capital LLC lifted its stake in Jamf by 40.0% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company's stock worth $61,000 after purchasing an additional 949 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after purchasing an additional 1,327 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

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.