Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Update

Jamf Holding Corp. (NASDAQ:JAMF) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,800,000 shares, a decrease of 7.3% from the November 30th total of 3,020,000 shares. Based on an average daily volume of 501,300 shares, the days-to-cover ratio is currently 5.6 days. Currently, 4.8% of the company’s shares are sold short.

Jamf Stock Down 1.1 %

Shares of NASDAQ JAMF opened at $14.05 on Wednesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -25.54, a price-to-earnings-growth ratio of 6.33 and a beta of 0.36. The company’s 50-day simple moving average is $15.39 and its 200-day simple moving average is $16.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 52-week low of $13.84 and a 52-week high of $21.41.

Insiders Place Their Bets

In related news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the transaction, the insider now directly owns 187,438 shares of the company’s stock, valued at $3,103,973.28. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after buying an additional 1,405 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares during the last quarter. Assetmark Inc. raised its position in Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Jamf in the 2nd quarter valued at $81,000. Finally, Sandia Investment Management LP purchased a new position in shares of Jamf during the 2nd quarter worth $82,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JAMF. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Friday, October 4th. Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target on the stock. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. 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 for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

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.