Jamf (NASDAQ:JAMF) Now Covered by JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of Jamf (NASDAQ:JAMF - Get Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm set an "overweight" rating and a $20.00 price target on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 28.70% from the company's previous close.

Several other research analysts have also issued reports on JAMF. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, January 21st. Morgan Stanley assumed coverage on shares of Jamf in a research note on Monday, October 14th. They set an "equal weight" rating and a $20.00 target price for the company. Piper Sandler dropped their price target on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Barclays reduced their price objective on Jamf from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, January 10th. Finally, 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 report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.80.

Jamf Stock Down 2.6 %

JAMF stock traded down $0.41 during midday trading on Thursday, hitting $15.54. The stock had a trading volume of 588,832 shares, compared to its average volume of 578,439. 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 firm has a market cap of $1.98 billion, a price-to-earnings ratio of -28.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The business has a 50-day moving average of $14.79 and a two-hundred day moving average of $16.23. Jamf has a 52-week low of $13.40 and a 52-week high of $21.41.

Insider Activity at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the 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 transaction, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Jamf by 6.0% in the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company's stock worth $173,569,000 after acquiring an additional 565,008 shares during the period. Principal Financial Group Inc. grew its stake in shares of Jamf by 28.2% during the 3rd 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. Crestwood Capital Management L.P. purchased a new stake in shares of Jamf during the 3rd quarter valued at about $3,470,000. Quantinno Capital Management LP lifted its stake in shares of Jamf by 97.1% in the 3rd quarter. Quantinno Capital Management LP now owns 292,626 shares of the company's stock worth $5,077,000 after purchasing an additional 144,144 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after buying an additional 134,314 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

About Jamf

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.