Piper Sandler Cuts Jamf (NASDAQ:JAMF) Price Target to $23.00

Jamf (NASDAQ:JAMF) had its price objective cut by Piper Sandler from $25.00 to $23.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

JAMF has been the topic of a number of other research reports. JMP Securities reiterated a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Morgan Stanley started coverage on Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Jamf has an average rating of “Moderate Buy” and an average target price of $22.78.

Jamf Trading Down 0.3 %

NASDAQ JAMF opened at $14.13 on Monday. Jamf has a 12 month low of $13.79 and a 12 month high of $21.41. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -25.69, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average price is $15.09 and its 200 day moving average price is $16.61.

Insider Buying and Selling

In related news, insider Linh Lam sold 7,702 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the sale, the insider now owns 187,438 shares in the company, valued at $3,103,973.28. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

A number of large investors have recently modified their holdings of JAMF. Quarry LP grew its holdings in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after acquiring an additional 1,405 shares during the period. Versant Capital Management Inc grew 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 worth $57,000 after purchasing an additional 795 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Jamf by 57.1% in the 3rd 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 in the last quarter. Assetmark Inc. increased its holdings in shares of Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Jamf in the second quarter valued at about $81,000. 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.