Jamf (NASDAQ:JAMF) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Jamf (NASDAQ:JAMF) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $21.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC restated a buy rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday, June 4th. Mizuho upped their price objective on Jamf from $21.00 to $22.00 and gave the company a buy rating in a research note on Thursday, May 9th. Canaccord Genuity Group reduced their target price on Jamf from $24.00 to $21.00 and set a buy rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price target on Jamf from $21.00 to $23.00 and gave the company an outperform rating in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $23.38.

Jamf Trading Up 1.2 %

NASDAQ:JAMF opened at $17.91 on Tuesday. Jamf has a one year low of $14.68 and a one year high of $21.41. The business’s 50-day simple moving average is $17.78 and its 200 day simple moving average is $17.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -21.07, a price-to-earnings-growth ratio of 8.11 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The business had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts predict that Jamf will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the transaction, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jamf news, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the transaction, the insider now owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now owns 333,631 shares in the company, valued at $6,258,917.56. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Jamf

A number of institutional investors have recently added to or reduced their stakes in JAMF. Versant Capital Management Inc increased its position in shares of Jamf by 17,830.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock valued at $38,000 after purchasing an additional 2,318 shares during the period. Fifth Third Bancorp acquired a new position in Jamf during the second quarter worth about $45,000. Assetmark Inc. raised its position in Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after acquiring an additional 559 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in Jamf by 40.0% in the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after acquiring an additional 949 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Jamf by 33.4% during the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after purchasing an additional 1,043 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.