Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Update

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 3,610,000 shares, an increase of 7.4% from the September 15th total of 3,360,000 shares. Based on an average daily trading volume, of 418,900 shares, the short-interest ratio is currently 8.6 days. Currently, 6.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JAMF. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Canaccord Genuity Group dropped their target price on shares of Jamf from $24.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Morgan Stanley began coverage on Jamf in a research note on Monday. They set an "equal weight" rating and a $20.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group started coverage on Jamf in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.

Insiders Place Their Bets

In related news, insider Linh Lam sold 5,445 shares of Jamf stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the transaction, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Jamf news, insider Linh Lam sold 5,445 shares of Jamf stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the transaction, the insider now directly owns 195,140 shares of the company's stock, valued at $3,582,770.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total transaction of $31,816.96. Following the completion of the sale, the insider now directly owns 333,631 shares of the company's stock, valued at approximately $6,258,917.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

Hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its position in shares of Jamf by 16.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 76,117 shares of the company's stock worth $1,256,000 after purchasing an additional 10,557 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Jamf by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company's stock worth $685,000 after buying an additional 4,204 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in Jamf in the 2nd quarter valued at about $565,000. EVR Research LP increased its holdings in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company's stock valued at $25,905,000 after acquiring an additional 1,160,000 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in Jamf during the second quarter worth about $449,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Stock Performance

JAMF stock traded down $0.27 on Wednesday, hitting $16.69. The company's stock had a trading volume of 341,219 shares, compared to its average volume of 501,268. Jamf has a 1 year low of $14.68 and a 1 year high of $21.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -19.64, a price-to-earnings-growth ratio of 7.40 and a beta of 0.41. The firm has a 50 day moving average of $17.60 and a two-hundred day moving average of $17.56.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The firm had revenue of $153.02 million for the quarter, compared to analysts' expectations of $151.66 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts predict that Jamf will post 0.04 EPS for the current fiscal year.

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.