Jamf (NASDAQ:JAMF) Hits New 1-Year Low at $17.11

Posted by Defense World Staff on May 14th, 2023

Jamf Holding Corp. (NASDAQ:JAMF – Get Rating) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.11 and last traded at $17.13, with a volume of 489648 shares traded. The stock had previously closed at $17.73.

Analyst Ratings Changes

Several analysts recently issued reports on JAMF shares. Mizuho dropped their target price on Jamf from $26.00 to $24.00 in a report on Friday, May 5th. Barclays cut their target price on Jamf from $25.00 to $21.00 in a research note on Friday, May 5th. Needham & Company LLC restated a “buy” rating and set a $35.00 target price on shares of Jamf in a research note on Wednesday, March 1st. Finally, Royal Bank of Canada dropped their price target on Jamf from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Jamf Stock Performance

The company’s 50-day simple moving average is $19.05 and its 200 day simple moving average is $20.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2.12 billion, a P/E ratio of -14.77 and a beta of 0.41.

Jamf (NASDAQ:JAMF – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. Jamf had a negative net margin of 27.82% and a negative return on equity of 9.46%. The firm had revenue of $130.32 million for the quarter, compared to analysts’ expectations of $128.80 million. As a group, sell-side analysts expect that Jamf Holding Corp. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Jamf

In other news, CFO Ian Goodkind sold 11,048 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $19.73, for a total transaction of $217,977.04. Following the completion of the sale, the chief financial officer now owns 179,483 shares in the company, valued at approximately $3,541,199.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Ian Goodkind sold 11,048 shares of Jamf stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $19.73, for a total value of $217,977.04. Following the completion of the transaction, the chief financial officer now directly owns 179,483 shares in the company, valued at approximately $3,541,199.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Wudi sold 16,750 shares of Jamf stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $19.85, for a total transaction of $332,487.50. Following the completion of the transaction, the insider now owns 371,587 shares of the company’s stock, valued at $7,376,001.95. The disclosure for this sale can be found here. Insiders sold a total of 44,274 shares of company stock worth $875,536 in the last quarter. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC grew its position in shares of Jamf by 8.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 61,186 shares of the company’s stock valued at $1,303,000 after purchasing an additional 4,776 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Jamf by 112.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,979 shares of the company’s stock valued at $1,427,000 after purchasing an additional 35,392 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Jamf during the 1st quarter valued at $134,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Jamf by 39.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 690,309 shares of the company’s stock worth $14,704,000 after acquiring an additional 195,711 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Jamf by 35.4% during the 4th quarter. Raymond James & Associates now owns 36,106 shares of the company’s stock worth $769,000 after acquiring an additional 9,440 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

About Jamf

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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.