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

Jamf (NASDAQ:JAMF) had its price target reduced by Piper Sandler from $25.00 to $23.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 62.31% from the stock’s previous close.

A number of other brokerages also recently weighed in on JAMF. JMP Securities reiterated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Morgan Stanley initiated coverage on Jamf in a research note on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Jamf Trading Down 1.3 %

NASDAQ:JAMF opened at $14.17 on Monday. Jamf has a 52 week low of $13.84 and a 52 week high of $21.41. The firm’s fifty day moving average is $15.14 and its 200-day moving average is $16.62. The firm has a market cap of $1.81 billion, a P/E ratio of -25.76, a P/E/G ratio of 6.33 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the sale, the insider now owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jamf

Hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Jamf by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 153,736 shares of the company’s stock valued at $2,192,000 after purchasing an additional 5,171 shares during the last quarter. Versant Capital Management Inc grew its position in 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. Principal Financial Group Inc. increased its stake in Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Jamf by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after buying an additional 38,429 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Jamf by 67.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 127,716 shares of the company’s stock worth $2,216,000 after buying an additional 51,599 shares during the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

About Jamf

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.