William Blair Reaffirms “Outperform” Rating for Jamf (NASDAQ:JAMF)

Jamf (NASDAQ:JAMF)‘s stock had its “outperform” rating reaffirmed by William Blair in a research report issued on Friday,RTT News reports.

Several other equities analysts have also recently issued reports on JAMF. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, January 21st. JPMorgan Chase & Co. initiated coverage on Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target on the stock. Royal Bank of Canada lowered their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Piper Sandler lowered their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Barclays lowered their price target on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.70.

Jamf Stock Down 7.1 %

Shares of Jamf stock opened at $13.68 on Friday. The business’s fifty day moving average price is $14.81 and its two-hundred day moving average price is $16.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.75 billion, a P/E ratio of -24.87, a PEG ratio of 1.02 and a beta of 0.38. Jamf has a 1-year low of $13.30 and a 1-year high of $21.41.

Insider Buying and Selling

In related news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction 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 directly owns 33,479 shares in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JAMF. International Assets Investment Management LLC grew its holdings in shares of Jamf by 1,635.0% during the third quarter. International Assets Investment Management LLC now owns 11,069 shares of the company’s stock valued at $192,000 after buying an additional 10,431 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares in the last quarter. Olympiad Research LP purchased a new position in shares of Jamf during the third quarter valued at $237,000. Assetmark Inc. grew its holdings in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares in the last quarter. Hedge funds and other institutional investors 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.