Jamf (BATS:JAMF) PT Lowered to $31.00

Jamf (BATS:JAMFGet Rating) had its target price lowered by equities researchers at Craig Hallum from $41.00 to $31.00 in a note issued to investors on Wednesday, The Fly reports. Craig Hallum’s price target points to a potential upside of 29.87% from the company’s current price.

Several other equities analysts have also issued reports on JAMF. JPMorgan Chase & Co. dropped their price objective on Jamf from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, March 2nd. Barclays decreased their target price on shares of Jamf from $37.00 to $26.00 in a research note on Wednesday. Royal Bank of Canada decreased their target price on shares of Jamf from $47.00 to $39.00 in a research note on Monday. JMP Securities decreased their target price on shares of Jamf from $59.00 to $39.00 in a research note on Wednesday. Finally, Mizuho decreased their target price on shares of Jamf from $43.00 to $34.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jamf has a consensus rating of “Buy” and an average target price of $40.50.

BATS:JAMF opened at $23.87 on Wednesday. The company has a 50 day simple moving average of $32.83 and a two-hundred day simple moving average of $34.80.

Jamf (BATS:JAMFGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $105.74 million. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS.

In other news, CFO Jill Putman sold 1,300 shares of Jamf stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $33.10, for a total transaction of $43,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Klausmeyer sold 7,054 shares of Jamf stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $36.01, for a total transaction of $254,014.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,414 shares of company stock valued at $2,314,064.

Hedge funds have recently bought and sold shares of the company. Dragoneer Investment Group LLC increased its stake in shares of Jamf by 112.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 20,173,285 shares of the company’s stock worth $777,075,000 after purchasing an additional 10,674,758 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Jamf during the 4th quarter worth approximately $110,595,000. Keenan Capital LLC purchased a new position in shares of Jamf during the 4th quarter worth approximately $43,227,000. Victory Capital Management Inc. increased its stake in shares of Jamf by 14,179.2% during the 4th quarter. Victory Capital Management Inc. now owns 991,121 shares of the company’s stock worth $37,673,000 after purchasing an additional 984,180 shares in the last quarter. Finally, Untitled Investments LP purchased a new position in shares of Jamf during the 3rd quarter worth approximately $20,367,000.

About Jamf (Get Rating)

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. 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, a software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology.

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