Jamf Holding Corp. (NASDAQ:JAMF) Given Average Recommendation of “N/A” by Brokerages

Jamf Holding Corp. (NASDAQ:JAMF) has earned an average recommendation of “N/A” from the zero analysts that are presently covering the company, Marketbeat.com reports.

Several research firms have recently weighed in on JAMF. Mizuho dropped their target price on shares of Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Barclays increased their target price on Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price objective on shares of Jamf in a report on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a research report on Thursday, March 14th.

Insider Activity

In related news, CEO John Strosahl sold 24,966 shares of Jamf stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $17.97, for a total transaction of $448,639.02. Following the completion of the transaction, the chief executive officer now owns 1,068,965 shares of the company’s stock, valued at $19,209,301.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Jamf news, Director Dean Hager sold 73,730 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $17.76, for a total value of $1,309,444.80. Following the transaction, the director now directly owns 385,665 shares in the company, valued at $6,849,410.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Strosahl sold 24,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.97, for a total transaction of $448,639.02. Following the sale, the chief executive officer now owns 1,068,965 shares in the company, valued at $19,209,301.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,835 shares of company stock valued at $3,212,929. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently made changes to their positions in JAMF. Wellington Management Group LLP lifted its holdings in Jamf by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after purchasing an additional 462,257 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Jamf by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 7,277,732 shares of the company’s stock worth $131,436,000 after purchasing an additional 89,057 shares during the last quarter. Keenan Capital LLC grew its holdings in shares of Jamf by 6.0% in the third quarter. Keenan Capital LLC now owns 2,730,496 shares of the company’s stock worth $48,221,000 after purchasing an additional 153,849 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Jamf by 6.0% in the third quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company’s stock worth $36,344,000 after purchasing an additional 115,808 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Jamf by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock worth $29,554,000 after purchasing an additional 265,040 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Price Performance

Shares of NASDAQ:JAMF opened at $18.50 on Friday. The company has a 50-day simple moving average of $18.57 and a 200-day simple moving average of $17.86. Jamf has a one year low of $14.83 and a one year high of $22.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -20.79 and a beta of 0.51.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The business had revenue of $150.65 million during the quarter, compared to analysts’ expectations of $148.34 million. On average, analysts predict that Jamf will post -0.03 EPS for the current 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.