Jamf’s (JAMF) Market Outperform Rating Reaffirmed at JMP Securities

Jamf (NASDAQ:JAMF)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a research note issued on Wednesday, Benzinga reports. They currently have a $30.00 target price on the stock. JMP Securities’ target price suggests a potential upside of 70.16% from the company’s current price.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group began coverage on Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, June 4th. Finally, Canaccord Genuity Group lowered their price objective on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.38.

Jamf Stock Performance

JAMF traded up $0.27 during midday trading on Wednesday, reaching $17.63. The company’s stock had a trading volume of 7,107 shares, compared to its average volume of 510,418. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $17.64. The stock has a market cap of $2.26 billion, a P/E ratio of -20.74, a PEG ratio of 7.64 and a beta of 0.41. Jamf has a twelve month low of $14.68 and a twelve month high of $21.41.

Jamf (NASDAQ:JAMF) last released its earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, meeting 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 net margin of 14.95% and a negative return on equity of 1.97%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) EPS. Research analysts expect that Jamf will post 0.04 earnings per share for the current year.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the sale, the insider now owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Linh Lam sold 5,445 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the sale, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 333,631 shares in the company, valued at $6,258,917.56. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jamf

Large investors have recently bought and sold shares of the business. Optimus Prime Fund Management Co. Ltd. boosted its stake in Jamf by 116.9% in the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock worth $12,732,000 after purchasing an additional 380,000 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 buying an additional 129,489 shares in the last quarter. Wellington Management Group LLP grew its holdings in Jamf by 6.2% during 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in Jamf by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company’s stock valued at $8,142,000 after acquiring an additional 6,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Jamf by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock valued at $29,554,000 after acquiring an additional 265,040 shares in the last quarter. 93.81% of the stock is currently owned by 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.