Jamf (NASDAQ:JAMF) Receives “Outperform” Rating from William Blair

Jamf (NASDAQ:JAMF)‘s stock had its “outperform” rating reaffirmed by research analysts at William Blair in a research report issued on Friday,RTT News reports.

JAMF has been the subject of a number of other research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday. Piper Sandler dropped their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Barclays decreased their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. started coverage on Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.80.

Jamf Stock Down 6.2 %

Shares of JAMF stock traded down $0.91 during trading hours on Friday, hitting $13.82. 653,960 shares of the company were exchanged, compared to its average volume of 574,472. 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 $1.76 billion, a price-to-earnings ratio of -24.99, a P/E/G ratio of 1.02 and a beta of 0.38. Jamf has a one year low of $13.30 and a one year high of $21.41. The business’s 50-day simple moving average is $14.83 and its two-hundred day simple moving average is $16.03.

Insiders Place Their Bets

In other news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the sale, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Crestwood Capital Management L.P. bought a new position in shares of Jamf during the 3rd quarter valued at about $3,470,000. Franklin Resources Inc. grew its position in Jamf by 8.0% in the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after buying an additional 38,429 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after buying an additional 134,314 shares in the last quarter. Atom Investors LP lifted its position in shares of Jamf by 213.4% during the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after acquiring an additional 89,901 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Jamf by 54.0% during the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock worth $409,000 after acquiring an additional 10,199 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

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.