Jamf (NASDAQ:JAMF) Hits New 12-Month Low After Analyst Downgrade

Jamf Holding Corp. (NASDAQ:JAMF) shares reached a new 52-week low during mid-day trading on Friday after Barclays lowered their price target on the stock from $17.00 to $16.00. Barclays currently has an equal weight rating on the stock. Jamf traded as low as $13.30 and last traded at $13.71, with a volume of 224891 shares. The stock had previously closed at $14.73.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price on the stock. Piper Sandler dropped their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of Jamf in a research note on Friday. Royal Bank of Canada decreased their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.70.

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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Several hedge funds have recently bought and sold shares of JAMF. Quarry LP lifted 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 acquiring an additional 1,405 shares during the last quarter. Blue Trust Inc. lifted its stake in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after purchasing an additional 795 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Jamf by 57.1% during the 3rd 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 in the last quarter. Finally, Assetmark Inc. lifted its position in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after buying an additional 1,387 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

Jamf Stock Performance

The firm has a market cap of $1.75 billion, a PE ratio of -24.87, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38. The company has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $16.00. 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 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.