Jamf (NASDAQ:JAMF) Sets New 52-Week Low - Time to Sell?

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s stock price reached a new 52-week low during 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.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho set a $15.00 price target on shares of Jamf in a report on Wednesday, April 16th. Morgan Stanley lowered 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. William Blair reiterated an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $19.50.

Jamf Stock Up 0.8%

The stock's 50-day moving average price is $10.93 and its two-hundred day moving average price is $13.09. The stock has a market capitalization of $1.26 billion, a PE ratio of -17.36, a P/E/G ratio of 1.02 and a beta of 0.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Jamf (NASDAQ:JAMF - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $166.22 million. Jamf's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. As a group, analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Elizabeth Benz sold 57,380 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $780,368.00. Following the sale, the insider now owns 358,775 shares of the company's stock, valued at $4,879,340. This trade represents a 13.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Strosahl sold 16,125 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.75, for a total transaction of $173,343.75. Following the sale, the chief executive officer now directly owns 1,524,101 shares in the company, valued at approximately $16,384,085.75. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 195,208 shares of company stock worth $2,431,013 in the last quarter. Corporate insiders own 2.70% of the company's stock.

Institutional Trading of Jamf

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of Jamf during the 1st quarter valued at about $41,000. GAMMA Investing LLC boosted its holdings in shares of Jamf by 32,950.0% during the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock valued at $40,000 after acquiring an additional 3,295 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Jamf by 238.0% in the 4th 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. Quarry LP lifted its stake in shares of Jamf by 148.7% in the 1st quarter. Quarry LP now owns 6,505 shares of the company's stock worth $79,000 after purchasing an additional 3,889 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors 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.