Jamf (NASDAQ:JAMF) Reaches New 1-Year Low – Here’s What Happened

Jamf Holding Corp. (NASDAQ:JAMF)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $14.02 and last traded at $14.30, with a volume of 20964 shares traded. The stock had previously closed at $14.15.

Analysts Set New Price Targets

JAMF has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Friday, October 4th. 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 target price for the company. Canaccord Genuity Group lowered their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.75.

Jamf Stock Up 2.0 %

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $16.78 and its two-hundred day moving average price is $17.12.

Insider Buying and Selling

In related news, insider Linh Lam sold 7,702 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the transaction, the insider now owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. EVR Research LP raised its position in Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after acquiring an additional 1,160,000 shares in the last quarter. Marshall Wace LLP raised its position in Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after acquiring an additional 982,764 shares in the last quarter. Wellington Management Group LLP raised its position in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after acquiring an additional 565,008 shares in the last quarter. Kopp LeRoy C bought a new stake in Jamf during the first quarter worth $7,385,000. Finally, Principal Financial Group Inc. raised its position in Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after acquiring an additional 306,558 shares in the last quarter. Institutional investors and hedge funds 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.