Jamf Holding Corp. (NASDAQ:JAMF) Given Average Recommendation of "N/A" by Brokerages

Key Points

• Jamf Holding Corp. (NASDAQ:JAMF) has received an average rating of "N/A" from the research firms currently covering the company.
• Brokerages have lowered their price targets for Jamf, with Morgan Stanley reducing it from $16.00 to $14.00 and Barclays dropping it from $15.00 to $10.00.
• In recent transactions, insiders sold a total of 71,957 shares of Jamf stock valued at $755,361 over the past ninety days, decreasing their ownership stakes.

Shares of Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) have earned an average rating of "N/A" from the zero research firms that are presently covering the company, Marketbeat.com reports.

Several research firms recently commented on JAMF. Morgan Stanley decreased their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Barclays dropped their price target on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Monday, July 21st. Mizuho dropped their price target on shares of Jamf from $15.00 to $13.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Finally, Bank of America cut their price target on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th.

Insiders Place Their Bets

In other Jamf news, insider Beth Tschida sold 11,878 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $10.34, for a total transaction of $122,818.52. Following the completion of the sale, the insider directly owned 475,932 shares of the company's stock, valued at approximately $4,921,136.88. The trade was a 2.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth Benz sold 11,526 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total value of $123,328.20. Following the sale, the insider directly owned 347,249 shares of the company's stock, valued at $3,715,564.30. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,957 shares of company stock valued at $755,361. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jamf

Institutional investors have recently modified their holdings of the stock. Sunriver Management LLC acquired a new stake in shares of Jamf in the 1st quarter valued at approximately $37,394,000. Wellington Management Group LLP raised its stake in Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after acquiring an additional 841,239 shares during the period. Palisade Capital Management LP bought a new stake in Jamf in the 1st quarter valued at $7,567,000. Cubist Systematic Strategies LLC raised its stake in Jamf by 280.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 545,484 shares of the company's stock valued at $6,628,000 after acquiring an additional 402,187 shares during the period. Finally, Marshall Wace LLP raised its stake in Jamf by 61.9% in the 4th quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock valued at $10,940,000 after acquiring an additional 297,804 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Trading Down 6.8%

JAMF traded down $0.54 during trading on Friday, hitting $7.40. 1,484,572 shares of the company's stock were exchanged, compared to its average volume of 1,317,579. Jamf has a 1 year low of $7.36 and a 1 year high of $18.99. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50. The firm has a market cap of $975.84 million, a P/E ratio of -19.47, a price-to-earnings-growth ratio of 1.40 and a beta of 0.36. The stock has a 50 day moving average price of $9.21 and a 200 day moving average price of $11.71.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The firm had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The firm's revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. As a group, analysts expect that Jamf will post 0.05 EPS for the current fiscal year.

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.