Jamf (NASDAQ:JAMF) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Jamf (NASDAQ:JAMF) in a research note released on Monday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $20.00 price objective on the stock.

A number of other research analysts also recently issued reports on the company. JMP Securities restated a market outperform rating and issued a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Canaccord Genuity Group cut their price target on Jamf from $24.00 to $21.00 and set a buy rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on Jamf in a research note on Tuesday, September 3rd. They set a neutral rating and a $21.00 price target for the company. Finally, Needham & Company LLC reiterated a buy rating and set a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $23.00.

Jamf Stock Down 0.8 %

Shares of NASDAQ:JAMF opened at $16.77 on Monday. The company has a market capitalization of $2.15 billion, a PE ratio of -19.73, a price-to-earnings-growth ratio of 7.40 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. The business has a fifty day moving average price of $17.58 and a two-hundred day moving average price of $17.57. Jamf has a 1 year low of $14.68 and a 1 year high of $21.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $153.02 million during the quarter, compared to the consensus estimate of $151.66 million. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. Analysts forecast that Jamf will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Beth Tschida sold 1,696 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Jamf news, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction dated 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 $3,582,770.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Beth Tschida sold 1,696 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 333,631 shares in the company, valued at approximately $6,258,917.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jamf

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Jamf by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after buying an additional 462,257 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Jamf by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock valued at $135,923,000 after buying an additional 129,489 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Jamf by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock valued at $30,216,000 after buying an additional 15,946 shares in the last quarter. EVR Research LP raised its holdings in shares of Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after buying an additional 1,160,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Jamf by 9.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,087,669 shares of the company’s stock valued at $17,947,000 after buying an additional 97,120 shares in the last quarter. 93.81% of the stock is owned by hedge funds and other 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.