Jamf (NASDAQ:JAMF) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Jamf (NASDAQ:JAMF) in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a $30.00 price objective on the stock.

JAMF has been the subject of a number of other reports. The Goldman Sachs Group began coverage on Jamf in a report on Tuesday, September 3rd. They issued a neutral rating and a $21.00 target price for the company. Needham & Company LLC reissued a buy rating and issued a $25.00 price target on shares of Jamf in a research report on Tuesday, September 24th. Finally, Canaccord Genuity Group lowered their price target on Jamf from $24.00 to $21.00 and set a buy rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Jamf currently has an average rating of Moderate Buy and a consensus price target of $23.38.

Jamf Trading Up 3.4 %

Jamf stock opened at $17.27 on Tuesday. The firm has a market cap of $2.22 billion, a PE ratio of -20.32, a P/E/G ratio of 8.20 and a beta of 0.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $17.63. Jamf has a 12 month low of $14.68 and a 12 month high of $21.41.

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

Insider Transactions at Jamf

In other Jamf news, 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 transaction, the insider now directly owns 333,631 shares in the company, valued at $6,258,917.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Jamf news, insider Beth Tschida sold 1,696 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 333,631 shares in the company, valued at approximately $6,258,917.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linh Lam sold 5,445 shares of the company’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 directly owns 195,140 shares in the company, valued at $3,582,770.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Trading of Jamf

Large investors have recently added to or reduced their stakes in the business. EVR Research LP lifted its stake 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 valued at $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after buying an additional 982,764 shares during the last quarter. Norges Bank bought a new stake in shares of Jamf during the 4th quarter worth about $13,169,000. Wellington Management Group LLP increased 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 acquiring an additional 462,257 shares during the last quarter. Finally, Kopp LeRoy C bought a new position in shares of Jamf in the 1st quarter valued at approximately $7,385,000. 93.81% of the stock is owned by 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.