Jamf (NASDAQ:JAMF) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Jamf (NASDAQ:JAMF) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm issued an overweight rating and a $20.00 target price on the stock.

Several other analysts have also recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, January 21st. Royal Bank of Canada reduced their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Barclays dropped their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Piper Sandler reduced their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley started coverage on Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.80.

Jamf Stock Up 3.2 %

Shares of JAMF opened at $15.95 on Thursday. Jamf has a 52 week low of $13.40 and a 52 week high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $14.75 and a 200-day moving average of $16.27.

Insider Activity

In other news, CAO Anthony Grabenau sold 3,706 shares of Jamf 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 completion of the sale, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Jamf by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock valued at $685,000 after purchasing an additional 4,204 shares during the period. Trust Point Inc. raised its stake in Jamf by 11.2% during the 3rd quarter. Trust Point Inc. now owns 33,443 shares of the company’s stock worth $580,000 after buying an additional 3,362 shares during the period. International Assets Investment Management LLC boosted its holdings in Jamf by 1,635.0% in the third quarter. International Assets Investment Management LLC now owns 11,069 shares of the company’s stock worth $192,000 after acquiring an additional 10,431 shares in the last quarter. Principal Financial Group Inc. grew its stake in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after acquiring an additional 306,558 shares during the period. Finally, Olympiad Research LP bought a new position in shares of Jamf in the 3rd quarter worth $237,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.