Jamf (NASDAQ:JAMF) Sets New 1-Year Low – Time to Sell?

Jamf Holding Corp. (NASDAQ:JAMF) hit a new 52-week low during trading on Monday . The stock traded as low as $13.84 and last traded at $13.88, with a volume of 32059 shares traded. The stock had previously closed at $14.26.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Morgan Stanley started coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group initiated coverage on Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Jamf has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Jamf Stock Performance

The stock has a market cap of $1.78 billion, a PE ratio of -25.33, a P/E/G ratio of 6.33 and a beta of 0.36. The company has a fifty day moving average price of $15.49 and a 200 day moving average price of $16.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 7,702 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the sale, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents 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 this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JAMF. Quarry LP increased its stake in shares of Jamf by 130.9% during the third 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 period. Venturi Wealth Management LLC raised its holdings in Jamf by 57.1% in the 3rd 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 in the last quarter. Assetmark Inc. lifted its position in shares of Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Jamf during the second quarter valued at about $81,000. Finally, Sandia Investment Management LP bought a new position in Jamf in the second quarter worth about $82,000. 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.