Barclays Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF - Get Free Report) had its price objective dropped by analysts at Barclays from $16.00 to $13.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 12.36% from the company's current price.

Other equities analysts have also recently issued reports about the stock. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reduced their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of Jamf in a report on Tuesday, March 4th. Finally, Mizuho set a $15.00 target price on Jamf in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Jamf currently has a consensus rating of "Moderate Buy" and an average target price of $19.60.

Jamf Trading Up 0.3 %

JAMF traded up $0.04 during trading on Monday, reaching $11.57. The company had a trading volume of 493,991 shares, compared to its average volume of 611,675. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The business has a 50 day simple moving average of $12.62 and a 200-day simple moving average of $14.41. The stock has a market cap of $1.50 billion, a P/E ratio of -21.04, a PEG ratio of 1.02 and a beta of 0.43. Jamf has a 52 week low of $9.95 and a 52 week high of $21.41.

Insider Buying and Selling

In other news, insider Beth Tschida sold 88,797 shares of the business'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 completion of the sale, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth Benz sold 57,380 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $780,368.00. Following the completion of the sale, the insider now directly owns 358,775 shares of the company's stock, valued at $4,879,340. The trade was a 13.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,912 shares of company stock valued at $3,355,739 over the last three months. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently made changes to their positions in JAMF. Wellington Management Group LLP raised its holdings in Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after purchasing an additional 841,239 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock worth $123,030,000 after acquiring an additional 114,036 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after acquiring an additional 409,531 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Jamf by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock valued at $29,242,000 after acquiring an additional 167,909 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock valued at $30,391,000 after acquiring an additional 134,314 shares in the last quarter. 93.81% of the stock is currently owned by hedge funds and other 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.