Barclays Lowers Jamf (NASDAQ:JAMF) Price Target to $17.00

Jamf (NASDAQ:JAMF) had its price target dropped by equities research analysts at Barclays from $20.00 to $17.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 23.46% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Morgan Stanley assumed coverage on shares of Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Finally, Piper Sandler reduced their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.44.

Jamf Trading Down 2.5 %

Shares of Jamf stock opened at $13.77 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of -25.04, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37. 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’s 50 day moving average is $14.98 and its 200 day moving average is $16.59. Jamf has a 1 year low of $13.55 and a 1 year high of $21.41.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Jamf by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after acquiring an additional 565,008 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Jamf by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock worth $30,216,000 after acquiring an additional 15,946 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $30,391,000 after acquiring an additional 134,314 shares in the last quarter. EVR Research LP grew its position in Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after buying an additional 1,160,000 shares during the period. Finally, Principal Financial Group Inc. grew its position in 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 period. 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.