JPMorgan Chase & Co. Lowers Jamf (NASDAQ:JAMF) Price Target to $15.00

Jamf (NASDAQ:JAMF) had its price objective reduced by analysts at JPMorgan Chase & Co. from $18.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 38.63% from the stock’s current price.

Several other research firms have also recently issued reports on JAMF. Mizuho set a $15.00 target price on Jamf in a research note on Wednesday. Canaccord Genuity Group reiterated a “buy” rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Barclays dropped their target price on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their price objective on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.90.

Jamf Stock Down 1.5 %

Shares of NASDAQ JAMF opened at $10.82 on Thursday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -19.67, a PEG ratio of 1.02 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $13.09 and its 200 day moving average is $14.61. Jamf has a 52 week low of $9.95 and a 52 week high of $21.41.

Insider Transactions at Jamf

In other news, Director Dean Hager sold 36,864 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following the completion of the transaction, the director now directly owns 302,775 shares of the company’s stock, valued at $4,048,101.75. The trade was a 10.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the sale, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. This represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock worth $3,355,739 over the last quarter. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Jamf

Several large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock worth $152,375,000 after buying an additional 841,239 shares during the last quarter. Clearbridge Investments LLC raised its position in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after acquiring an additional 409,531 shares during the period. Principal Financial Group Inc. grew its position in shares of Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after acquiring an additional 306,558 shares during the period. Marshall Wace LLP increased its stake in shares of Jamf by 61.9% in the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company’s stock worth $10,940,000 after purchasing an additional 297,804 shares in the last quarter. Finally, 272 Capital LP bought a new position in Jamf in the 4th quarter worth $2,927,000. Institutional investors own 93.81% of the company’s stock.

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.