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

Jamf (NASDAQ:JAMF) had its target price decreased by analysts at Piper Sandler from $25.00 to $23.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 58.84% from the company’s current price.

Several other research analysts also recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. Morgan Stanley began coverage on Jamf in a research report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.78.

Jamf Stock Performance

NASDAQ:JAMF traded up $0.21 during mid-day trading on Monday, reaching $14.48. 109,649 shares of the stock were exchanged, compared to its average volume of 284,796. 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 stock has a market capitalization of $1.85 billion, a P/E ratio of -26.33, a P/E/G ratio of 6.33 and a beta of 0.37. The company has a 50 day simple moving average of $15.23 and a 200-day simple moving average of $16.63. Jamf has a 1 year low of $13.84 and a 1 year high of $21.41.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 7,702 shares of the firm’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 value of $127,545.12. Following the sale, the insider now owns 187,438 shares of the company’s stock, valued at approximately $3,103,973.28. This trade represents a 3.95 % decrease in their position. The sale 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

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP grew 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 in the last quarter. Versant Capital Management Inc increased its position in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after purchasing an additional 795 shares during the period. Venturi Wealth Management LLC grew its stake in shares of 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 during the last quarter. Assetmark Inc. lifted its stake in Jamf by 45.9% during the third 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 last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Jamf in the second quarter worth approximately $81,000. Institutional investors 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.