Jamf (NASDAQ:JAMF) Hits New 1-Year Low After Analyst Downgrade

Shares of Jamf Holding Corp. (NASDAQ:JAMF) hit a new 52-week low on Friday after Barclays lowered their price target on the stock from $17.00 to $16.00. Barclays currently has an equal weight rating on the stock. Jamf traded as low as $13.30 and last traded at $13.71, with a volume of 224891 shares trading hands. The stock had previously closed at $14.73.

Other equities research analysts have also recently issued research reports about the company. William Blair reissued an “outperform” rating on shares of Jamf in a research note on Friday. Piper Sandler decreased their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada decreased their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. assumed coverage on Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Jamf has an average rating of “Moderate Buy” and a consensus price target of $21.70.

Insiders Place Their Bets

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the transaction, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Jamf by 1,635.0% in the third quarter. International Assets Investment Management LLC now owns 11,069 shares of the company’s stock worth $192,000 after purchasing an additional 10,431 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of Jamf in the third quarter worth approximately $237,000. 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 worth $76,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Venturi Wealth Management LLC raised 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 purchasing an additional 1,327 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Trading Down 7.1 %

The stock has a market capitalization of $1.75 billion, a PE ratio of -24.87, a P/E/G ratio of 1.02 and a beta of 0.38. The firm has a 50 day moving average price of $14.81 and a 200 day moving average price of $16.01. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

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.