Short Interest in Jamf Holding Corp. (NASDAQ:JAMF) Drops By 8.8%

Jamf Holding Corp. (NASDAQ:JAMF) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,310,000 shares, a decline of 8.8% from the October 15th total of 3,630,000 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily volume of 410,100 shares, the short-interest ratio is presently 8.1 days.

Insider Buying and Selling at Jamf

In related news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the transaction, the insider now directly owns 187,438 shares in the company, valued at $3,103,973.28. This represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its stake in Jamf by 17,830.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after purchasing an additional 2,318 shares during the period. Quarry LP increased its stake in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the period. Fifth Third Bancorp purchased a new stake in Jamf in the second quarter worth $45,000. EntryPoint Capital LLC increased its stake in shares of Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after buying an additional 949 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

Shares of Jamf stock opened at $14.68 on Tuesday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -26.69, a PEG ratio of 6.35 and a beta of 0.41. The firm’s 50-day moving average is $16.89 and its 200 day moving average is $17.17. Jamf has a 1 year low of $14.42 and a 1 year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.91.

Wall Street Analyst Weigh In

JAMF has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Morgan Stanley assumed coverage on shares of Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Finally, The Goldman Sachs Group assumed coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have given 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 $22.75.

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.