Jamf (NASDAQ:JAMF) Given New $14.00 Price Target at Morgan Stanley

Jamf (NASDAQ:JAMF) had its target price cut by Morgan Stanley from $16.00 to $14.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on JAMF. JPMorgan Chase & Co. began coverage on Jamf in a research report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective on the stock. Barclays reduced their price objective on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Royal Bank of Canada cut their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler lowered their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jamf currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.40.

Jamf Stock Performance

Jamf stock opened at $10.98 on Wednesday. Jamf has a 1-year low of $9.95 and a 1-year high of $21.41. The firm has a market cap of $1.42 billion, a P/E ratio of -19.96, a P/E/G ratio of 1.02 and a beta of 0.43. 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 firm has a 50-day moving average of $13.29 and a 200-day moving average of $14.70.

Insider Buying and Selling at Jamf

In other news, CAO Anthony Grabenau sold 9,701 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares in the company, valued at $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth Benz sold 57,380 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $780,368.00. Following the completion of the transaction, the insider now owns 358,775 shares in the company, valued at approximately $4,879,340. The trade was a 13.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 248,912 shares of company stock worth $3,355,739. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Jamf

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in Jamf by 12.3% during the 3rd quarter. Barclays PLC now owns 201,473 shares of the company’s stock valued at $3,495,000 after purchasing an additional 22,032 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Jamf by 8.0% during the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after buying an additional 38,429 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

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.