Jamf (NASDAQ:JAMF) Price Target Cut to $13.00 by Analysts at Barclays

Jamf (NASDAQ:JAMF) had its price target trimmed by Barclays from $16.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts also recently issued reports on JAMF. Mizuho set a $15.00 price objective on shares of Jamf in a report on Wednesday, April 16th. William Blair reiterated an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Piper Sandler dropped their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Jamf Stock Down 2.6 %

JAMF stock opened at $10.54 on Monday. The firm has a market capitalization of $1.36 billion, a PE ratio of -19.16, a P/E/G 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. Jamf has a twelve month low of $9.95 and a twelve month high of $21.41. The stock’s 50 day moving average is $12.98 and its 200-day moving average is $14.53.

Insider Activity at Jamf

In other Jamf news, CEO John Strosahl sold 56,170 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the sale, the chief executive officer now owns 1,540,226 shares in the company, valued at $20,931,671.34. This represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anthony Grabenau sold 9,701 shares of Jamf stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the transaction, the chief accounting officer now owns 57,946 shares of the company’s stock, valued at approximately $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,912 shares of company stock worth $3,355,739. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Jamf by 32,950.0% in the first quarter. GAMMA Investing LLC now owns 3,305 shares of the company’s stock valued at $40,000 after acquiring an additional 3,295 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Jamf during the 1st quarter valued at $41,000. Blue Trust Inc. increased its holdings in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the period. Versant Capital Management Inc raised its position in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after buying an additional 2,500 shares during the period. Institutional investors 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.