Jamf Holding Corp. (NASDAQ:JAMF) Given Average Recommendation of “N/A” by Analysts

Shares of Jamf Holding Corp. (NASDAQ:JAMF) have received a consensus recommendation of “N/A” from the zero ratings firms that are covering the stock, MarketBeat Ratings reports.

JAMF has been the topic of a number of recent research reports. Barclays lifted their target price on Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, June 4th. Mizuho increased their price objective on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada boosted their target price on shares of Jamf from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Canaccord Genuity Group increased their price target on shares of Jamf from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, May 9th.

Jamf Trading Down 1.2 %

NASDAQ:JAMF opened at $17.05 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $2.19 billion, a PE ratio of -20.06, a price-to-earnings-growth ratio of 29.39 and a beta of 0.41. The business’s 50-day simple moving average is $17.10 and its 200-day simple moving average is $18.10. Jamf has a fifty-two week low of $14.68 and a fifty-two week high of $22.89.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $152.12 million for the quarter, compared to the consensus estimate of $149.21 million. Jamf had a negative return on equity of 4.86% and a negative net margin of 18.33%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. Sell-side analysts expect that Jamf will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Jamf news, CEO John Strosahl sold 25,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $15.39, for a total transaction of $384,750.00. Following the completion of the sale, the chief executive officer now owns 1,043,965 shares of the company’s stock, valued at approximately $16,066,621.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jamf news, CEO John Strosahl sold 25,000 shares of Jamf stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $15.39, for a total value of $384,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,043,965 shares in the company, valued at $16,066,621.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Beth Tschida sold 7,526 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $18.27, for a total transaction of $137,500.02. Following the completion of the sale, the insider now owns 340,422 shares of the company’s stock, valued at $6,219,509.94. The disclosure for this sale can be found here. Insiders sold a total of 132,076 shares of company stock valued at $2,310,855 in the last three months. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Jamf by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company’s stock valued at $126,952,000 after purchasing an additional 130,500 shares during the last quarter. Optimus Prime Fund Management Co. Ltd. grew its stake in shares of Jamf by 116.9% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock worth $12,732,000 after acquiring an additional 380,000 shares during the period. Nordea Investment Management AB increased its holdings in Jamf by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 182,194 shares of the company’s stock worth $3,316,000 after acquiring an additional 49,120 shares during the last quarter. Wellington Management Group LLP raised its stake in Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after acquiring an additional 462,257 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Jamf by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company’s stock valued at $8,142,000 after purchasing an additional 6,298 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Company Profile

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.