Jamf (NASDAQ:JAMF) Reaches New 12-Month Low – Time to Sell?

Jamf Holding Corp. (NASDAQ:JAMF)’s share price reached a new 52-week low on Thursday . The company traded as low as $12.80 and last traded at $12.81, with a volume of 9409 shares. The stock had previously closed at $12.95.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler lowered their target price 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. William Blair reissued an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Morgan Stanley assumed coverage on Jamf in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.30.

Jamf Stock Performance

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 company has a market cap of $1.61 billion, a P/E ratio of -22.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. The company’s fifty day moving average is $14.45 and its 200 day moving average is $15.35.

Insider Transactions at Jamf

In other news, insider Beth Tschida sold 88,797 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. This trade represents a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the sale, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,618 shares of company stock worth $3,408,105. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in 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 acquiring an additional 795 shares during the period. Centiva Capital LP lifted its holdings in shares of Jamf by 4.1% during the fourth quarter. Centiva Capital LP now owns 22,543 shares of the company’s stock valued at $317,000 after purchasing an additional 898 shares during the last quarter. Quarry LP boosted its position in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Jamf by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,565 shares of the company’s stock worth $654,000 after buying an additional 1,754 shares during the last quarter. Finally, Sei Investments Co. increased its position in Jamf by 2.0% during the 4th quarter. Sei Investments Co. now owns 109,654 shares of the company’s stock valued at $1,541,000 after buying an additional 2,104 shares in the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.