Jamf (NASDAQ:JAMF) Sees Strong Trading Volume – Still a Buy?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) saw strong trading volume on Tuesday . 1,910,921 shares traded hands during trading, an increase of 75% from the previous session’s volume of 1,094,867 shares.The stock last traded at $13.0250 and had previously closed at $13.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JAMF shares. Wall Street Zen lowered Jamf from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $13.00 target price (up previously from $12.00) on shares of Jamf in a research report on Monday, November 3rd. Zacks Research raised shares of Jamf from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Citigroup downgraded shares of Jamf from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, December 3rd. Finally, Piper Sandler cut shares of Jamf from an “overweight” rating to a “hold” rating and set a $13.05 price objective for the company. in a research report on Wednesday, October 29th.

Jamf Price Performance

The stock has a market cap of $1.75 billion, a P/E ratio of -40.70, a price-to-earnings-growth ratio of 1.80 and a beta of 0.47. The business has a 50-day simple moving average of $12.95 and a 200 day simple moving average of $10.73. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $183.49 million for the quarter, compared to analyst estimates of $177.15 million. Jamf had a positive return on equity of 4.43% and a negative net margin of 5.98%.The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In other Jamf news, CEO John Strosahl sold 43,650 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $9.88, for a total transaction of $431,262.00. Following the completion of the sale, the chief executive officer directly owned 1,480,451 shares in the company, valued at approximately $14,626,855.88. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Linh Lam sold 3,210 shares of Jamf stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $9.95, for a total value of $31,939.50. Following the completion of the transaction, the insider directly owned 250,308 shares of the company’s stock, valued at approximately $2,490,564.60. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Jamf

Several large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in shares of Jamf during the 3rd quarter worth approximately $57,000. Tower Research Capital LLC TRC lifted its position in shares of Jamf by 210.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company’s stock valued at $74,000 after acquiring an additional 5,311 shares during the period. Covestor Ltd boosted its stake in Jamf by 775.1% during the third quarter. Covestor Ltd now owns 7,465 shares of the company’s stock worth $79,000 after acquiring an additional 6,612 shares in the last quarter. Savant Capital LLC bought a new position in Jamf during the second quarter worth $97,000. Finally, Prudential Financial Inc. acquired a new stake in Jamf in the second quarter worth $97,000. Institutional investors and hedge funds 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.