Jamf (NASDAQ:JAMF) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Jamf (NASDAQ:JAMF) in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $16.00 price target on the stock.

Several other research analysts have also recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. Piper Sandler decreased their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. William Blair reissued an “outperform” rating on shares of Jamf in a research report on Friday, February 28th. JPMorgan Chase & Co. began coverage on shares of Jamf in a research note on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Royal Bank of Canada lowered their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Jamf has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

Jamf Stock Performance

NASDAQ JAMF opened at $13.34 on Tuesday. The company’s fifty day moving average is $14.60 and its two-hundred day moving average is $15.58. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -24.25, a P/E/G ratio of 1.02 and a beta of 0.39. 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 $12.90 and a 52-week high of $21.41.

Insiders Place Their Bets

In other news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Vanguard Group Inc. lifted its holdings in Jamf by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after buying an additional 114,036 shares during the period. Clearbridge Investments LLC boosted its stake in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Jamf by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock worth $29,242,000 after acquiring an additional 167,909 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after acquiring an additional 134,314 shares during the last quarter. 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.