Jamf (NASDAQ:JAMF) Given New $15.00 Price Target at Barclays

Jamf (NASDAQ:JAMF - Free Report) had its price target increased by Barclays from $13.00 to $15.00 in a research report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also commented on JAMF. William Blair restated an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Royal Bank of Canada decreased their price target on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Morgan Stanley decreased their target price on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho set a $15.00 target price on Jamf in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Jamf presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.80.

Jamf Stock Performance

Shares of Jamf stock traded up $0.62 during trading hours on Wednesday, hitting $11.77. 347,090 shares of the company were exchanged, compared to its average volume of 620,012. The business has a 50-day moving average of $11.98 and a 200-day moving average of $14.00. Jamf has a 1 year low of $9.95 and a 1 year high of $20.49. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -21.42, a P/E/G ratio of 1.02 and a beta of 0.44. 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 (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. The firm's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, analysts expect that Jamf will post 0.05 EPS for the current fiscal year.

Insider Activity

In other Jamf news, insider Elizabeth Benz sold 57,380 shares of Jamf stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $780,368.00. Following the sale, the insider now directly owns 358,775 shares in the company, valued at approximately $4,879,340. The trade was a 13.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Strosahl sold 56,170 shares of Jamf stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the sale, the chief executive officer now owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. This represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock worth $3,355,739 over the last 90 days. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jamf

Several hedge funds have recently added to or reduced their stakes in JAMF. Franklin Resources Inc. lifted its position in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock worth $8,664,000 after purchasing an additional 38,429 shares during the period. SG Americas Securities LLC increased its stake in shares of Jamf by 54.0% in the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after acquiring an additional 10,199 shares during the period. Renaissance Technologies LLC increased its stake in shares of Jamf by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 143,400 shares of the company's stock worth $2,015,000 after acquiring an additional 50,000 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Jamf in the fourth quarter worth $231,000. Finally, Blue Trust Inc. increased its stake in shares of Jamf by 238.0% in 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 during the period. 93.81% of the stock is currently owned by institutional investors.

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.