Jamf (NASDAQ:JAMF) Shares Gap Down to $18.70

Jamf Holding Corp. (NASDAQ:JAMF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $18.70, but opened at $18.13. Jamf shares last traded at $17.82, with a volume of 42,090 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JAMF shares. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a research note on Tuesday. Canaccord Genuity Group dropped their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday. Finally, The Goldman Sachs Group started coverage on shares of Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.38.

Jamf Price Performance

The firm has a market capitalization of $2.33 billion, a P/E ratio of -21.27, a price-to-earnings-growth ratio of 7.64 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The business has a fifty day moving average of $17.91 and a 200-day moving average of $17.67.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $153.02 million during the quarter, compared to the consensus estimate of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. Jamf’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) EPS. On average, sell-side analysts forecast that Jamf Holding Corp. will post 0.04 EPS for the current fiscal year.

Insider Activity at Jamf

In other news, insider Linh Lam sold 5,445 shares of Jamf stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the sale, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now directly owns 333,631 shares in the company, valued at approximately $6,258,917.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jamf

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its position in Jamf by 17,830.8% in the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after buying an additional 2,318 shares in the last quarter. Fifth Third Bancorp bought a new position in Jamf in the 2nd quarter valued at $45,000. Assetmark Inc. grew its stake in Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after purchasing an additional 559 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after purchasing an additional 949 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Jamf by 33.4% during the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after buying an additional 1,043 shares during 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.