Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Update

Jamf Holding Corp. (NASDAQ:JAMF) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,800,000 shares, a decline of 7.3% from the November 30th total of 3,020,000 shares. Based on an average trading volume of 501,300 shares, the short-interest ratio is currently 5.6 days. Currently, 4.8% of the shares of the company are short sold.

Jamf Stock Performance

Shares of NASDAQ:JAMF opened at $14.26 on Monday. The business has a fifty day moving average of $15.49 and a 200-day moving average of $16.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf has a twelve month low of $14.02 and a twelve month high of $21.41. The firm has a market cap of $1.82 billion, a PE ratio of -25.93, a price-to-earnings-growth ratio of 6.33 and a beta of 0.36.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Jamf

Large investors have recently modified their holdings of the stock. Quarry LP boosted its position in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares during the last quarter. Venturi Wealth Management LLC increased its position in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after purchasing an additional 1,327 shares during the period. Assetmark Inc. lifted its position in Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Jamf in the 2nd quarter valued at about $81,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Jamf during the 2nd quarter worth approximately $82,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on JAMF shares. 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 for the company. JMP Securities reiterated a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. Finally, The Goldman Sachs Group assumed coverage on Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

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.