Needham & Company LLC Reaffirms Buy Rating for Jamf (NASDAQ:JAMF)

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They currently have a $25.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 69.72% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Morgan Stanley started coverage on shares of Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Barclays decreased their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. Piper Sandler dropped their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Jamf Price Performance

Jamf stock opened at $14.73 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $14.64 and a 200 day simple moving average of $16.47. Jamf has a one year low of $13.40 and a one year high of $21.41. The company has a market capitalization of $1.88 billion, a PE ratio of -26.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.37.

Insider Activity at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the transaction, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jamf

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Jamf by 6.0% during 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jamf by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock worth $30,216,000 after purchasing an additional 15,946 shares during the period. Geode Capital Management LLC grew its stake in shares of Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after purchasing an additional 134,314 shares during the last quarter. EVR Research LP increased its holdings in Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after purchasing an additional 1,160,000 shares during the period. Finally, Principal Financial Group Inc. raised its position in Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after purchasing an additional 306,558 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.