Jamf (NASDAQ:JAMF) Coverage Initiated by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of Jamf (NASDAQ:JAMF) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm set an “equal weight” rating and a $16.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 17.22% from the stock’s current price.

A number of other brokerages also recently issued reports on JAMF. Piper Sandler reduced their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Barclays reduced their price objective on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price on the stock. William Blair restated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.30.

Jamf Stock Up 2.3 %

Shares of Jamf stock opened at $13.65 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $14.59 and its two-hundred day simple moving average is $15.56. The company has a market cap of $1.77 billion, a P/E ratio of -24.82, a PEG ratio of 1.02 and a beta of 0.39. Jamf has a 12-month low of $12.90 and a 12-month high of $21.41.

Insider Buying and Selling

In related news, insider Beth Tschida sold 88,797 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now owns 487,810 shares in the company, valued at $6,522,019.70. The trade was a 15.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was 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 of the company’s stock, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,367 shares of company stock worth $1,732,453 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

A number of hedge funds have recently bought and sold shares of the business. PharVision Advisers LLC purchased a new position in Jamf in the 4th quarter worth about $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Jamf by 20.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,980 shares of the company’s stock worth $2,051,000 after buying an additional 24,343 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in Jamf in the 4th quarter worth about $614,000. Squarepoint Ops LLC purchased a new position in Jamf in the 4th quarter worth about $1,188,000. Finally, Twinbeech Capital LP purchased a new position in Jamf in the 4th quarter worth about $180,000. Hedge funds and other 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.