Jamf’s (JAMF) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Jamf (NASDAQ:JAMF) in a report published on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $25.00 target price on the stock.

Other analysts also recently issued research reports about the company. Barclays decreased their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. Piper Sandler reduced their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley started coverage on shares of Jamf in a research note on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Finally, JMP Securities reaffirmed 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Jamf Stock Up 0.6 %

JAMF opened at $14.82 on Tuesday. Jamf has a twelve month low of $13.40 and a twelve month high of $21.41. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.94, a PEG ratio of 1.00 and a beta of 0.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $14.63 and a 200-day moving average price of $16.46.

Insider Activity

In related news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several institutional investors have recently modified their holdings of JAMF. Dimensional Fund Advisors LP increased its holdings in shares of Jamf by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock valued at $30,216,000 after acquiring an additional 15,946 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Jamf in the second quarter valued at approximately $81,000. Sei Investments Co. boosted its stake in shares of Jamf by 27.8% during the 2nd quarter. Sei Investments Co. now owns 106,667 shares of the company’s stock worth $1,760,000 after purchasing an additional 23,189 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Jamf by 2,977.5% during the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after acquiring an additional 982,764 shares during the last quarter. Finally, 272 Capital LP lifted its stake in shares of Jamf by 41.4% in the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock valued at $2,507,000 after purchasing an additional 44,486 shares in the last quarter. Institutional investors and hedge funds 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.