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

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating restated by Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $25.00 price objective on the stock. Needham & Company LLC’s price objective indicates a potential upside of 69.72% from the company’s previous close.

Other analysts also recently issued reports about the company. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Morgan Stanley assumed coverage on Jamf in a research note on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Barclays cut their price objective on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Finally, Piper Sandler lowered their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Jamf Trading Up 1.7 %

JAMF opened at $14.73 on Tuesday. The company has a market cap of $1.88 billion, a P/E ratio of -26.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.37. The company has a fifty day moving average price of $14.64 and a two-hundred day moving average price of $16.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 1-year low of $13.40 and a 1-year high of $21.41.

Insider Activity

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the transaction, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

A number of hedge funds have recently made changes to their positions in JAMF. Versant Capital Management Inc increased its stake in 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 in the last quarter. Venturi Wealth Management LLC increased its position in shares of Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after acquiring an additional 1,327 shares in the last quarter. Assetmark Inc. raised its holdings in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after acquiring an additional 1,387 shares during the last quarter. Quarry LP lifted 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 acquiring an additional 1,405 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares in the last quarter. 93.81% of the stock is owned by institutional investors.

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.