Jamf’s (JAMF) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Jamf (NASDAQ:JAMF) in a report released on Tuesday,Benzinga reports. The firm currently has a $25.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. Piper Sandler cut their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Barclays lowered their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Morgan Stanley began coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Jamf has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Jamf Trading Up 0.6 %

NASDAQ:JAMF opened at $14.49 on Tuesday. The stock has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $16.49. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -26.34, a PEG ratio of 0.99 and a beta of 0.37. 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 1 year low of $13.40 and a 1 year high of $21.41.

Insider Activity at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal 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

A number of large investors have recently made changes to their positions in JAMF. Dimensional Fund Advisors LP boosted its stake in Jamf by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock worth $30,216,000 after buying an additional 15,946 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Jamf in the 2nd quarter worth about $81,000. Sei Investments Co. boosted its stake in Jamf by 27.8% in the 2nd quarter. Sei Investments Co. now owns 106,667 shares of the company’s stock worth $1,760,000 after buying an additional 23,189 shares during the last quarter. Marshall Wace LLP boosted its stake in Jamf by 2,977.5% in the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after buying an additional 982,764 shares during the last quarter. Finally, 272 Capital LP boosted its stake in Jamf by 41.4% in the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after buying an additional 44,486 shares during the last quarter. Institutional investors and hedge funds 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.