Short Interest in Jamf Holding Corp. (NASDAQ:JAMF) Drops By 21.4%

Jamf Holding Corp. (NASDAQ:JAMF) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 2,240,000 shares, a decline of 21.4% from the January 15th total of 2,850,000 shares. Based on an average daily trading volume, of 604,600 shares, the short-interest ratio is presently 3.7 days. Currently, 3.8% of the shares of the company are sold short.

Insider Activity at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction that occurred 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. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently modified their holdings of JAMF. Quarry LP increased its position in shares of Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares during the period. Blue Trust Inc. boosted its stake in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after acquiring an additional 2,523 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after buying an additional 1,327 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after buying an additional 1,387 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective for the company. Barclays cut their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Piper Sandler cut their price target 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. Royal Bank of Canada dropped their price objective on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.80.

Jamf Trading Down 1.9 %

Shares of JAMF stock traded down $0.30 during mid-day trading on Monday, reaching $15.66. The stock had a trading volume of 379,111 shares, compared to its average volume of 578,439. The stock’s 50-day moving average price is $14.81 and its two-hundred day moving average price is $16.12. Jamf has a 52-week low of $13.40 and a 52-week high of $21.41. The firm has a market capitalization of $2.00 billion, a PE ratio of -28.47, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. 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 Company Profile

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.