Needham & Company LLC Reiterates Buy Rating for Jamf (NASDAQ:JAMF)

Needham & Company LLC reissued their buy rating on shares of Jamf (NASDAQ:JAMF) in a research note published on Tuesday,Benzinga reports. The firm currently has a $25.00 price objective on the stock.

JAMF has been the subject of several other reports. JPMorgan Chase & Co. began coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target for the company. Piper Sandler lowered their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Barclays lowered their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. William Blair restated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.70.

Jamf Trading Down 2.5 %

NASDAQ JAMF opened at $13.81 on Tuesday. The stock has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $15.91. The company has a market capitalization of $1.79 billion, a PE ratio of -25.11, 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. Jamf has a 12 month low of $13.30 and a 12 month high of $21.41.

Insider Transactions at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the transaction, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JAMF. Quarry LP boosted its position in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after purchasing an additional 1,405 shares during the last quarter. Blue Trust Inc. boosted its position in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc boosted its position in Jamf by 24.5% during the fourth 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 during the last quarter. Venturi Wealth Management LLC boosted its position in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Assetmark Inc. boosted its position in 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 purchasing an additional 1,387 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.