Barclays Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF) had its price target reduced by equities researchers at Barclays from $17.00 to $16.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 16.96% from the company’s current price.

A number of other brokerages also recently issued reports on JAMF. Canaccord Genuity Group reiterated a “buy” rating and issued a $21.00 price target on shares of Jamf in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Jamf in a research report on Friday. Royal Bank of Canada decreased their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. 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, January 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.70.

Jamf Stock Performance

Jamf stock traded down $1.05 during midday trading on Friday, hitting $13.68. 1,791,247 shares of the company’s stock were exchanged, compared to its average volume of 604,187. The firm’s 50 day simple moving average is $14.83 and its 200 day simple moving average is $16.03. Jamf has a 12-month low of $13.30 and a 12-month high of $21.41. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -24.87, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Activity

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

Institutional Investors Weigh In On Jamf

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Vanguard Group Inc. boosted its holdings in Jamf by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock worth $123,030,000 after acquiring an additional 114,036 shares during the period. Clearbridge Investments LLC boosted its holdings in Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after acquiring an additional 409,531 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Jamf by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock valued at $29,242,000 after purchasing an additional 167,909 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

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.