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

JMP Securities reiterated their market outperform rating on shares of Jamf (NASDAQ:JAMF) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $30.00 target price on the stock.

Several other analysts also recently issued reports on JAMF. Canaccord Genuity Group decreased their price objective on shares of Jamf from $24.00 to $21.00 and set a buy rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Jamf in a research note on Tuesday, September 3rd. They set a neutral rating and a $21.00 price objective for the company. Finally, Needham & Company LLC restated a buy rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, September 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Jamf currently has an average rating of Moderate Buy and an average price target of $23.38.

Jamf Trading Down 1.5 %

NASDAQ JAMF opened at $16.71 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.15 billion, a PE ratio of -19.66, a P/E/G ratio of 8.20 and a beta of 0.41. The stock’s 50 day moving average is $17.70 and its 200 day moving average is $17.63. Jamf has a twelve month low of $14.68 and a twelve month high of $21.41.

Jamf (NASDAQ:JAMF) last announced its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The firm’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) earnings per share. Research analysts forecast that Jamf will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Jamf

In other news, insider Beth Tschida sold 1,696 shares of Jamf stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value 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 document filed with the SEC, which is available through the SEC website. In other Jamf news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Beth Tschida sold 1,696 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total value of $31,816.96. Following the sale, the insider now owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. EVR Research LP lifted its position in shares of Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP lifted its holdings in Jamf by 2,977.5% during the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after buying an additional 982,764 shares during the last quarter. Norges Bank acquired a new position in shares of Jamf in the 4th quarter worth approximately $13,169,000. Wellington Management Group LLP grew its position in shares of Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares in the last quarter. Finally, Kopp LeRoy C bought a new stake in shares of Jamf in the 1st quarter valued at approximately $7,385,000. 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.