Barclays Cuts Jamf (NASDAQ:JAMF) Price Target to $17.00

Jamf (NASDAQ:JAMFFree Report) had its price target cut by Barclays from $20.00 to $17.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms have also recently issued reports on JAMF. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Piper Sandler lowered their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. 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, JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.44.

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Jamf Stock Performance

Jamf stock opened at $13.77 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.76 billion, a PE ratio of -25.04, a P/E/G ratio of 6.33 and a beta of 0.37. Jamf has a 12-month low of $13.55 and a 12-month high of $21.41. The business’s 50-day moving average price is $14.98 and its two-hundred day moving average price is $16.60.

Insider Buying and Selling at Jamf

In related news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction 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. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

Large investors have recently bought and sold shares of the business. Crestwood Capital Management L.P. bought a new stake in shares of Jamf during the 3rd quarter valued at about $3,470,000. Franklin Resources Inc. lifted its stake in Jamf by 8.0% in the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after buying an additional 38,429 shares during the period. Geode Capital Management LLC boosted 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 buying an additional 134,314 shares in the last quarter. Atom Investors LP grew its position in shares of Jamf by 213.4% during the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock worth $2,291,000 after buying an additional 89,901 shares during the period. Finally, 272 Capital LP increased its stake in shares of Jamf by 41.4% in the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock valued at $2,507,000 after acquiring an additional 44,486 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Company Profile

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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.

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