Royal Bank of Canada Cuts Jamf (NASDAQ:JAMF) Price Target to $19.00

Jamf (NASDAQ:JAMF) had its target price trimmed by Royal Bank of Canada from $23.00 to $19.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on JAMF. Morgan Stanley assumed coverage on shares of Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Barclays dropped their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Jamf Trading Up 0.6 %

Shares of NASDAQ JAMF opened at $14.82 on Tuesday. The company’s 50 day simple moving average is $14.63 and its 200 day simple moving average is $16.46. 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 firm has a market capitalization of $1.89 billion, a P/E ratio of -26.94, a P/E/G ratio of 1.00 and a beta of 0.37. Jamf has a fifty-two week low of $13.40 and a fifty-two week high of $21.41.

Insider Transactions at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JAMF. EVR Research LP raised its holdings in Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after acquiring an additional 1,160,000 shares in the last quarter. Marshall Wace LLP increased its holdings in Jamf by 2,977.5% in the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after buying an additional 982,764 shares during the period. Wellington Management Group LLP lifted its stake in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after purchasing an additional 565,008 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Finally, Crestwood Capital Management L.P. acquired a new position in shares of Jamf during the 3rd quarter worth $3,470,000. 93.81% of the stock is owned by institutional investors.

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.