Jamf (NASDAQ:JAMF) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Jamf (NASDAQ:JAMF) in a report issued on Tuesday morning,Benzinga reports. They currently have a $25.00 price target on the stock.

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

Jamf Stock Performance

Shares of JAMF stock opened at $14.82 on Tuesday. The business has a 50 day simple moving average of $14.63 and a 200 day simple moving average of $16.46. 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 firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.94, a price-to-earnings-growth ratio of 1.00 and a beta of 0.37. Jamf has a 12-month low of $13.40 and a 12-month high of $21.41.

Insider Buying and Selling

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the transaction, the chief accounting officer now directly owns 33,479 shares in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JAMF. Dimensional Fund Advisors LP raised its position in Jamf by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock valued at $30,216,000 after purchasing an additional 15,946 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Jamf in the 2nd quarter valued at $81,000. Sei Investments Co. raised its holdings in shares of Jamf by 27.8% during 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 in the last quarter. Marshall Wace LLP lifted its position in shares of Jamf by 2,977.5% during 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 second quarter. 272 Capital LP now owns 151,932 shares of the company’s stock valued at $2,507,000 after buying an additional 44,486 shares in the last quarter. 93.81% of the stock is 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.