Short Interest in Jamf Holding Corp. (NASDAQ:JAMF) Drops By 7.3%

Jamf Holding Corp. (NASDAQ:JAMF) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,800,000 shares, a drop of 7.3% from the November 30th total of 3,020,000 shares. Based on an average daily trading volume, of 501,300 shares, the short-interest ratio is presently 5.6 days. Approximately 4.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Jamf Price Performance

Shares of NASDAQ JAMF opened at $14.05 on Wednesday. Jamf has a 1-year low of $13.84 and a 1-year high of $21.41. The company has a market cap of $1.79 billion, a PE ratio of -25.54, a P/E/G ratio of 6.33 and a beta of 0.36. 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 stock has a fifty day moving average price of $15.39 and a 200 day moving average price of $16.66.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 7,702 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the sale, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JAMF. Quarry LP lifted its position in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after purchasing an additional 1,405 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares during the period. Assetmark Inc. boosted its stake in shares of Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Jamf during the second quarter worth $81,000. Finally, Sandia Investment Management LP purchased a new position in Jamf in the second quarter worth $82,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.