Jamf's (JAMF) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Jamf (NASDAQ:JAMF - Free Report) in a report published on Wednesday,Benzinga reports. They currently have a $21.00 target price on the stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on Jamf in a research report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada dropped their target price on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Barclays dropped their target price on Jamf from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Jamf Stock Down 7.1 %

NASDAQ:JAMF traded down $1.05 during trading hours on Wednesday, hitting $13.68. 1,791,247 shares of the company's stock traded hands, compared to its average volume of 604,188. 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 twelve month low of $13.30 and a twelve month high of $21.41. The stock's fifty day moving average price is $14.81 and its two-hundred day moving average price is $16.00. The firm has a market cap of $1.75 billion, a P/E ratio of -24.87, a P/E/G ratio of 1.02 and a beta of 0.38.

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Insider Buying and Selling at Jamf

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.30% of the company's stock.

Institutional Trading of Jamf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after buying an additional 841,239 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 last quarter. Clearbridge Investments LLC grew its holdings in Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after buying an additional 409,531 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock valued at $29,242,000 after buying an additional 167,909 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after purchasing an additional 134,314 shares in the last quarter. 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.