Jamf Holding Corp. (NASDAQ:JAMF) Given Average Recommendation of “N/A” by Brokerages

Shares of Jamf Holding Corp. (NASDAQ:JAMF) have received an average rating of “N/A” from the zero brokerages that are presently covering the stock, Marketbeat Ratings reports.

Several brokerages have weighed in on JAMF. Barclays raised their price objective on shares of Jamf from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 7th. Canaccord Genuity Group reissued a “buy” rating and set a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Jamf from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. William Blair reissued an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, April 17th.

Insider Activity

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares of the company’s stock, valued at $788,065.60. The trade was a 14.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dean Hager sold 36,864 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following 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 disclosure for this sale can be found here. In the last three months, insiders sold 248,912 shares of company stock valued at $3,355,739. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Vanguard Group Inc. raised its position in shares of Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock worth $123,030,000 after buying an additional 114,036 shares in the last quarter. Sunriver Management LLC bought a new stake in shares of Jamf during the 1st quarter worth about $37,394,000. Clearbridge Investments LLC raised its position in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after buying an additional 409,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Jamf by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock worth $29,242,000 after buying an additional 167,909 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Price Performance

JAMF opened at $11.07 on Friday. The company has a fifty day simple moving average of $11.71 and a 200 day simple moving average of $13.77. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -20.13, a PEG ratio of 1.02 and a beta of 0.44. Jamf has a twelve month low of $9.95 and a twelve month high of $19.05. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. Equities research analysts expect that Jamf will post 0.05 EPS for the current fiscal year.

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.