Jamf (NASDAQ:JAMF) Earns Market Outperform Rating from JMP Securities

Jamf (NASDAQ:JAMF)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $30.00 price target on the stock. JMP Securities’ price target points to a potential upside of 70.16% from the stock’s previous close.

JAMF has been the subject of several other research reports. Canaccord Genuity Group dropped their target price on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, June 4th. Finally, The Goldman Sachs Group initiated 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Jamf currently has an average rating of “Moderate Buy” and a consensus price target of $23.38.

Jamf Trading Up 1.6 %

Shares of JAMF traded up $0.27 during trading hours on Wednesday, hitting $17.63. 7,107 shares of the stock traded hands, compared to its average volume of 510,418. The business has a fifty day moving average of $17.86 and a 200-day moving average of $17.64. The firm has a market capitalization of $2.26 billion, a PE ratio of -20.74, a price-to-earnings-growth ratio of 7.64 and a beta of 0.41. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $153.02 million during the quarter, compared to analysts’ expectations of $151.66 million. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) EPS. Analysts expect that Jamf will post 0.04 EPS for the current year.

Insider Buying and Selling at Jamf

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JAMF. Optimus Prime Fund Management Co. Ltd. lifted its stake in Jamf by 116.9% in the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock valued at $12,732,000 after acquiring an additional 380,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Jamf by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock worth $135,923,000 after acquiring an additional 129,489 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Jamf by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after purchasing an additional 462,257 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Jamf by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company’s stock worth $8,142,000 after purchasing an additional 6,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Jamf by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock worth $29,554,000 after purchasing an additional 265,040 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

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.