Jamf (NASDAQ:JAMF) Sets New 52-Week Low – What’s Next?

Jamf Holding Corp. (NASDAQ:JAMF)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $13.82 and last traded at $13.86, with a volume of 12436 shares changing hands. The stock had previously closed at $14.17.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JAMF. Morgan Stanley assumed coverage on shares of Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Piper Sandler dropped their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. Finally, JMP Securities reiterated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and a consensus price target of $22.78.

Jamf Trading Down 1.1 %

The business has a fifty day moving average price of $15.14 and a 200 day moving average price of $16.62. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -25.47, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Insider Activity at Jamf

In other news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the sale, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Institutional investors have recently bought and sold shares of the business. Crestwood Capital Management L.P. bought a new position in shares of Jamf during the 3rd quarter worth about $3,470,000. Franklin Resources Inc. lifted its stake in Jamf by 8.0% during the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after purchasing an additional 38,429 shares during the period. Geode Capital Management LLC boosted its holdings in Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares in the last quarter. Atom Investors LP grew its stake in shares of Jamf by 213.4% in the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after purchasing an additional 89,901 shares during the period. Finally, 272 Capital LP raised its holdings in shares of Jamf by 41.4% in the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after buying an additional 44,486 shares in the last quarter. Institutional investors and hedge funds 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.