Jamf Holding Corp. (NASDAQ:JAMF) Sees Significant Decline in Short Interest

Jamf Holding Corp. (NASDAQ:JAMF) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,310,000 shares, a drop of 8.8% from the October 15th total of 3,630,000 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 410,100 shares, the short-interest ratio is presently 8.1 days.

Jamf Stock Down 3.1 %

Jamf stock opened at $14.84 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.89 billion, a PE ratio of -26.98, a PEG ratio of 6.35 and a beta of 0.41. The firm’s fifty day moving average is $16.95 and its 200 day moving average is $17.21. Jamf has a 12-month low of $14.47 and a 12-month high of $21.41.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the transaction, the insider now owns 187,438 shares of the company’s stock, valued at $3,103,973.28. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EVR Research LP raised its stake in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares during the period. Marshall Wace LLP raised its position in shares of Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after purchasing an additional 982,764 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Jamf by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after purchasing an additional 565,008 shares in the last quarter. Kopp LeRoy C acquired a new stake in Jamf in the 1st quarter valued at $7,385,000. Finally, Principal Financial Group Inc. increased its stake in 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 in the last quarter. Institutional investors own 93.81% of the company’s stock.

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.