Jamf (NASDAQ:JAMF) Rating Reiterated by JMP Securities

Jamf (NASDAQ:JAMF)‘s stock had its “market outperform” rating restated by JMP Securities in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $30.00 target price on the stock. JMP Securities’ price objective suggests a potential upside of 73.71% from the stock’s current price.

JAMF has been the subject of a number of other reports. The Goldman Sachs Group assumed coverage on Jamf in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Canaccord Genuity Group decreased their target price on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.38.

Jamf Stock Performance

Jamf stock opened at $17.27 on Tuesday. Jamf has a 1 year low of $14.68 and a 1 year high of $21.41. The company’s 50-day moving average is $17.88 and its two-hundred day moving average is $17.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.20 billion, a PE ratio of -20.49, a PEG ratio of 8.20 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The firm had revenue of $153.02 million for the quarter, compared to analysts’ expectations of $151.66 million. During the same period last year, the firm earned ($0.19) earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts anticipate that Jamf will post 0.04 earnings per share for the current year.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the sale, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the sale, the insider now directly owns 333,631 shares in the company, valued at $6,258,917.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Linh Lam sold 5,445 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the transaction, the insider now owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Jamf

Institutional investors have recently bought and sold shares of the company. EVR Research LP lifted its position in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares in the last quarter. Marshall Wace LLP raised its holdings in Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after acquiring an additional 982,764 shares in the last quarter. Norges Bank acquired a new position in Jamf during the fourth quarter valued at approximately $13,169,000. Wellington Management Group LLP boosted its position in Jamf by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after purchasing an additional 462,257 shares during the last quarter. Finally, Kopp LeRoy C bought a new position in Jamf in the first quarter valued at approximately $7,385,000. 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.