Jamf (NASDAQ:JAMF) Rating Reiterated by Needham & Company LLC

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a report released on Friday, Benzinga reports. They presently have a $25.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 44.76% from the company’s current price.

Other analysts also recently issued research reports about the company. JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. The Goldman Sachs Group started coverage on Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Canaccord Genuity Group lowered their price target on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Jamf presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.38.

Jamf Price Performance

JAMF opened at $17.27 on Friday. 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 $2.22 billion, a price-to-earnings ratio of -20.32, a price-to-earnings-growth ratio of 8.20 and a beta of 0.41. The stock has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $17.62. Jamf has a 12-month low of $14.68 and a 12-month high of $21.41.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. Jamf’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned ($0.19) EPS. Research analysts predict that Jamf will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Jamf

In related news, insider Beth Tschida sold 1,696 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total value of $31,816.96. Following the sale, the insider now owns 333,631 shares in the company, valued at approximately $6,258,917.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the sale, the insider now owns 195,140 shares of the company’s stock, valued at $3,582,770.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the completion of the transaction, the insider now owns 333,631 shares in the company, valued at $6,258,917.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAMF. Teachers Retirement System of The State of Kentucky grew its position in shares of Jamf by 16.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 76,117 shares of the company’s stock valued at $1,256,000 after acquiring an additional 10,557 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Jamf by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock valued at $685,000 after purchasing an additional 4,204 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in Jamf in the second quarter worth about $565,000. EVR Research LP raised its stake in shares of Jamf by 282.9% in the second 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 during the period. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Jamf during the 2nd quarter valued at about $449,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.