Jamf (NASDAQ:JAMF) Hits New 1-Year Low – Should You Sell?

Jamf Holding Corp. (NASDAQ:JAMF) shares reached a new 52-week low on Thursday . The company traded as low as $11.72 and last traded at $11.88, with a volume of 182069 shares traded. The stock had previously closed at $12.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JAMF shares. Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Morgan Stanley started coverage on shares of Jamf in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $16.00 price target on the stock. Barclays cut their price target on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Piper Sandler cut their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.30.

Jamf Price Performance

The company has a market capitalization of $1.40 billion, a PE ratio of -19.64, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. 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’s 50 day simple moving average is $14.18 and its 200-day simple moving average is $15.16.

Insider Buying and Selling at Jamf

In other Jamf news, insider Beth Tschida sold 88,797 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now owns 487,810 shares of the company’s stock, valued at $6,522,019.70. This trade represents a 15.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction dated 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 transaction, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at $473,058.27. The trade was a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,618 shares of company stock valued at $3,408,105 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JAMF. Wellington Management Group LLP lifted its position in shares of Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock worth $152,375,000 after purchasing an additional 841,239 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock worth $123,030,000 after buying an additional 114,036 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after acquiring an additional 409,531 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Jamf by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock worth $29,242,000 after acquiring an additional 167,909 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after acquiring an additional 134,314 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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.