Barclays Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF) had its price target dropped by investment analysts at Barclays from $17.00 to $16.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 16.96% from the company’s previous close.

JAMF has been the subject of several other reports. Canaccord Genuity Group restated a “buy” rating and issued a $21.00 target price on shares of Jamf in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, January 21st. Piper Sandler lowered their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. started coverage on Jamf in a research report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Jamf in a research report on Friday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Jamf Stock Down 7.1 %

Shares of Jamf stock opened at $13.68 on Friday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -24.87, a P/E/G ratio of 1.02 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf has a 52-week low of $13.30 and a 52-week high of $21.41. The stock has a 50-day simple moving average of $14.81 and a 200-day simple moving average of $16.00.

Insider Activity

In other news, CAO Anthony Grabenau sold 3,706 shares of the company’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 transaction, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jamf

Several large investors have recently made changes to their positions in JAMF. Versant Capital Management Inc lifted its stake in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after buying an additional 795 shares during the period. Centiva Capital LP lifted its stake in Jamf by 4.1% in the fourth quarter. Centiva Capital LP now owns 22,543 shares of the company’s stock valued at $317,000 after buying an additional 898 shares during the period. Venturi Wealth Management LLC lifted its stake in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares during the period. Assetmark Inc. lifted its stake 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 buying an additional 1,387 shares during the period. Finally, Quarry LP lifted its stake in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 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.