Jamf (NASDAQ:JAMF) Given New $23.00 Price Target at Piper Sandler

Jamf (NASDAQ:JAMF) had its price target cut by equities researchers at Piper Sandler from $25.00 to $23.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 62.31% from the company’s previous close.

Several other analysts also recently weighed in on JAMF. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.78.

Jamf Stock Down 1.3 %

Shares of NASDAQ:JAMF opened at $14.17 on Monday. The firm has a fifty day moving average of $15.14 and a 200 day moving average of $16.62. Jamf has a 52-week low of $13.84 and a 52-week high of $21.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $1.81 billion, a PE ratio of -25.76, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37.

Insider Transactions at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the sale, the insider now directly owns 187,438 shares in the company, valued at $3,103,973.28. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JAMF. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Jamf by 14.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock worth $234,000 after purchasing an additional 1,755 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Jamf by 5.6% in the 2nd quarter. Rhumbline Advisers now owns 102,206 shares of the company’s stock worth $1,686,000 after acquiring an additional 5,376 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Jamf during the 2nd quarter valued at about $562,000. TradeLink Capital LLC bought a new stake in Jamf during the second quarter worth about $259,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Jamf in the second quarter worth about $183,000. Institutional investors own 93.81% of the company’s stock.

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.