Jamf Holding Corp. (NASDAQ:JAMF) Given Consensus 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 received an average recommendation of "N/A" from the zero ratings firms that are currently covering the firm, MarketBeat reports.

A number of research firms have recently issued reports on JAMF. Needham & Company LLC lowered their price objective on shares of Jamf from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Morgan Stanley cut their price objective on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Jamf in a research note on Wednesday, May 28th. Finally, Barclays decreased their price objective 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.

Insider Buying and Selling

In related news, insider Elizabeth Benz sold 11,526 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total transaction of $123,328.20. Following the sale, the insider owned 347,249 shares of the company's stock, valued at $3,715,564.30. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Strosahl sold 16,125 shares of Jamf stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.75, for a total transaction of $173,343.75. Following the completion of the transaction, the chief executive officer owned 1,524,101 shares in the company, valued at approximately $16,384,085.75. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,957 shares of company stock valued at $755,361 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jamf

A number of institutional investors have recently modified their holdings of JAMF. Y Intercept Hong Kong Ltd lifted its stake in shares of Jamf by 1,296.8% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 273,356 shares of the company's stock valued at $2,600,000 after purchasing an additional 253,786 shares during the last quarter. MQS Management LLC bought a new stake in Jamf in the second quarter valued at about $127,000. Allianz Asset Management GmbH grew its stake in Jamf by 1.9% during the second quarter. Allianz Asset Management GmbH now owns 77,702 shares of the company's stock worth $739,000 after buying an additional 1,440 shares during the last quarter. CWM LLC grew its stake in Jamf by 838.8% during the second quarter. CWM LLC now owns 17,838 shares of the company's stock worth $170,000 after buying an additional 15,938 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in Jamf during the second quarter worth about $392,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Price Performance

Shares of JAMF traded up $0.08 during trading hours on Friday, hitting $7.48. The stock had a trading volume of 191,337 shares, compared to its average volume of 877,184. The company's fifty day moving average is $9.21 and its two-hundred day moving average is $11.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 1.08. Jamf has a 52 week low of $7.36 and a 52 week high of $18.99. The stock has a market capitalization of $985.69 million, a price-to-earnings ratio of -19.64, a P/E/G ratio of 1.31 and a beta of 0.36.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The business had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. During the same period last year, the business posted $0.14 EPS. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Jamf will post 0.05 EPS for the current 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.