Barclays Cuts Jamf (NASDAQ:JAMF) Price Target to $17.00

Jamf (NASDAQ:JAMF) had its price objective cut by Barclays from $20.00 to $17.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Piper Sandler decreased their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. Finally, Morgan Stanley began coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.44.

Jamf Stock Performance

Shares of Jamf stock opened at $13.77 on Friday. The business’s 50 day moving average price is $14.98 and its 200 day moving average price is $16.58. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -25.04, a PEG ratio of 6.33 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf has a one year low of $13.55 and a one year high of $21.41.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the transaction, the insider now directly owns 187,438 shares of the company’s stock, valued at $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JAMF. Quarry LP increased its stake in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after buying an additional 1,405 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Jamf by 24.5% during the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after acquiring an additional 795 shares during the period. Assetmark Inc. raised its stake in shares of Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Jamf in the second quarter valued at $81,000. Hedge funds and other institutional investors 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.