JMP Securities Reiterates Market Outperform Rating for Jamf (NASDAQ:JAMF)

JMP Securities reissued their market outperform rating on shares of Jamf (NASDAQ:JAMF) in a research report report published on Tuesday morning, Benzinga reports. JMP Securities currently has a $30.00 price objective on the stock.

A number of other research firms have also recently weighed in on JAMF. The Goldman Sachs Group started coverage on Jamf in a research report on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price objective for the company. Needham & Company LLC restated a buy rating and issued a $25.00 target price on shares of Jamf in a research note on Tuesday. Finally, Canaccord Genuity Group reduced their target price on Jamf from $24.00 to $21.00 and set a buy rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $23.38.

Jamf Stock Up 0.1 %

Jamf stock opened at $17.50 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -20.59, a PEG ratio of 8.20 and a beta of 0.41. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The business has a fifty day moving average price of $17.82 and a 200-day moving average price of $17.66.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $153.02 million during the quarter, compared to analysts’ expectations of $151.66 million. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS. Equities research analysts forecast that Jamf will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at Jamf

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

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. increased its stake in shares of Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after purchasing an additional 559 shares in the last quarter. EntryPoint Capital LLC increased its stake in shares of 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 purchasing an additional 949 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Jamf by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock valued at $233,000 after purchasing an additional 1,000 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Jamf by 33.4% in 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Jamf by 14.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock worth $234,000 after buying an additional 1,755 shares during the last quarter. 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.