Jamf (NASDAQ:JAMF) Sets New 12-Month Low - Here's Why

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $9.46 and last traded at $9.47, with a volume of 836485 shares changing hands. The stock had previously closed at $10.03.

Analyst Ratings Changes

A number of research analysts recently issued reports on JAMF shares. Barclays lifted their price target on Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Mizuho set a $15.00 price objective on Jamf in a research report on Wednesday, April 16th. Finally, Morgan Stanley lowered their price objective on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Jamf Trading Down 5.6%

The business has a 50 day moving average of $10.95 and a 200-day moving average of $13.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.25 billion, a P/E ratio of -17.22, a PEG ratio of 1.02 and a beta of 0.40.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (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. During the same period last year, the firm posted $0.14 earnings per share. The business's quarterly revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insider Transactions at Jamf

In other news, insider Beth Tschida sold 88,797 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $6,522,019.70. This represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dean Hager sold 4,708 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $10.46, for a total value of $49,245.68. Following the completion of the sale, the director now directly owns 298,067 shares of the company's stock, valued at approximately $3,117,780.82. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,869 shares of company stock valued at $4,111,100 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jamf

Several large investors have recently made changes to their positions in JAMF. Asset Management One Co. Ltd. bought a new position in Jamf during the fourth quarter worth $231,000. Blue Trust Inc. boosted its position 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 purchasing an additional 2,523 shares during the period. Rhumbline Advisers boosted its position in Jamf by 8.2% during the fourth quarter. Rhumbline Advisers now owns 114,263 shares of the company's stock worth $1,605,000 after purchasing an additional 8,667 shares during the period. Peregrine Capital Management LLC boosted its position in Jamf by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 530,313 shares of the company's stock worth $7,451,000 after purchasing an additional 9,331 shares during the period. Finally, Versor Investments LP bought a new position in Jamf during the fourth quarter worth $142,000. Institutional investors and hedge funds own 93.81% of the company's stock.

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.