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

Jamf Holding Corp. (NASDAQ:JAMF) has been given an average recommendation of “N/A” by the zero ratings firms that are covering the company, MarketBeat.com reports.

Several equities research analysts have weighed in on JAMF shares. JMP Securities reiterated a “market outperform” rating and issued a $27.00 target price on shares of Jamf in a report on Wednesday, May 28th. Mizuho set a $15.00 price objective on Jamf in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Finally, Morgan Stanley cut their price objective on Jamf from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th.

Insider Activity

In other Jamf news, CEO John Strosahl sold 56,170 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares in the company, valued at $20,931,671.34. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This trade represents a 15.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 320,869 shares of company stock worth $4,111,100 over the last ninety days. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently made changes to their positions in JAMF. GAMMA Investing LLC lifted its stake in 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 last quarter. Farther Finance Advisors LLC acquired a new position in shares of Jamf during the 1st quarter worth about $41,000. Blue Trust Inc. raised its holdings in shares of Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after purchasing an additional 2,523 shares during the period. Quarry LP lifted its stake in Jamf by 148.7% in the 1st quarter. Quarry LP now owns 6,505 shares of the company’s stock valued at $79,000 after purchasing an additional 3,889 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after purchasing an additional 2,500 shares during the period. 93.81% of the stock is owned by institutional investors.

Jamf Stock Performance

Shares of Jamf stock opened at $9.47 on Thursday. The firm has a fifty day moving average of $10.95 and a two-hundred day moving average of $13.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -17.22, a PEG ratio of 1.02 and a beta of 0.40. Jamf has a 52 week low of $9.46 and a 52 week high of $19.05.

Jamf (NASDAQ:JAMF) last released its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The business had revenue of $167.62 million during the quarter, compared to analysts’ expectations of $166.22 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that Jamf will post 0.05 EPS for the current year.

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.