Jamf (NASDAQ:JAMF) Earns Equal Weight Rating from Analysts at Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of Jamf (NASDAQ:JAMF) in a research report issued to clients and investors on Tuesday. The brokerage set an “equal weight” rating on the stock.

A number of other equities analysts have also commented on JAMF. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target on the stock. Royal Bank of Canada cut their price objective on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Piper Sandler decreased their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Jamf Stock Performance

Shares of NASDAQ JAMF traded down $0.17 during midday trading on Tuesday, hitting $13.29. The company’s stock had a trading volume of 15,747 shares, compared to its average volume of 642,106. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -24.17, a P/E/G ratio of 1.02 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $14.62 and a 200 day moving average price of $15.61. Jamf has a one year low of $12.90 and a one year high of $21.41.

Insider Activity at Jamf

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

Hedge Funds Weigh In On Jamf

Several hedge funds have recently made changes to their positions in JAMF. Quarry LP boosted its holdings in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the period. Versant Capital Management Inc boosted its stake in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after purchasing an additional 795 shares in the last quarter. Assetmark Inc. increased its position in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after buying an additional 2,500 shares in the last quarter. 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.