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

Jamf Holding Corp. (NASDAQ:JAMF) has received an average rating of “N/A” from the zero research firms that are covering the firm, MarketBeat reports.

JAMF has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research report on Tuesday, June 4th. Canaccord Genuity Group reduced their price target on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on shares of Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price on the stock.

Jamf Trading Down 1.6 %

Jamf stock opened at $17.52 on Tuesday. The stock has a market cap of $2.25 billion, a P/E ratio of -20.61, a PEG ratio of 7.64 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. Jamf has a 1 year low of $14.68 and a 1 year high of $21.41. The firm’s 50 day moving average price is $17.85 and its 200-day moving average price is $17.64.

Jamf (NASDAQ:JAMF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $153.02 million for 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 company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) earnings per share. On average, equities analysts predict that Jamf will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Jamf

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 value of $99,970.20. Following the sale, the insider now directly owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $99,970.20. Following the completion of the transaction, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Beth Tschida sold 1,696 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total value of $31,816.96. Following the completion of the transaction, the insider now directly owns 333,631 shares in the company, valued at approximately $6,258,917.56. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Several large investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky increased its position in shares of Jamf by 16.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 76,117 shares of the company’s stock worth $1,256,000 after acquiring an additional 10,557 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Jamf by 11.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock worth $685,000 after purchasing an additional 4,204 shares during the period. Deerfield Management Company L.P. Series C bought a new stake in Jamf during the 2nd quarter valued at $565,000. EVR Research LP lifted its holdings in shares of Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Jamf during the 2nd quarter worth $449,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.