JPMorgan Chase & Co. Begins Coverage on Jamf (NASDAQ:JAMF)

Research analysts at JPMorgan Chase & Co. initiated coverage on shares of Jamf (NASDAQ:JAMF) in a research note issued on Thursday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 29.45% from the company’s previous close.

A number of other research analysts have also recently commented on JAMF. Royal Bank of Canada reduced their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Barclays cut their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Piper Sandler cut their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, January 21st. Finally, Morgan Stanley began coverage on shares of Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Jamf presently has an average rating of “Moderate Buy” and an average price target of $21.80.

Jamf Trading Up 1.0 %

NASDAQ JAMF opened at $15.45 on Thursday. The company’s fifty day simple moving average is $14.75 and its 200-day simple moving average is $16.27. Jamf has a 52 week low of $13.40 and a 52 week high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.97 billion, a P/E ratio of -28.09, a PEG ratio of 1.04 and a beta of 0.38.

Insider Buying and Selling at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Several institutional investors have recently modified their holdings of JAMF. The Manufacturers Life Insurance Company grew its position in shares of Jamf by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock worth $685,000 after acquiring an additional 4,204 shares during the last quarter. Trust Point Inc. grew its position in shares of Jamf by 11.2% during the third quarter. Trust Point Inc. now owns 33,443 shares of the company’s stock worth $580,000 after acquiring an additional 3,362 shares during the last quarter. International Assets Investment Management LLC grew its position 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 worth $192,000 after acquiring an additional 10,431 shares during the last quarter. Principal Financial Group Inc. grew its position 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 worth $24,190,000 after acquiring an additional 306,558 shares during the last quarter. Finally, Olympiad Research LP bought a new position in shares of Jamf during the third quarter worth about $237,000. 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.