Needham & Company LLC Reaffirms "Buy" Rating for Jamf (NASDAQ:JAMF)

Key Points

• Needham & Company LLC has reiterated a "buy" rating for Jamf (NASDAQ:JAMF) with a price target of $20.00, indicating a potential upside of 134.19% from its previous close.
• Despite some analysts lowering their price targets, Jamf reported a 15.4% increase in quarterly revenue, achieving $176.50 million and beating earnings estimates with an EPS of $0.18.
• Insider sales saw 71,957 shares sold over the last quarter, reflecting a trend among insiders as corporate ownership stands at only 2.70%.

Jamf (NASDAQ:JAMF - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Needham & Company LLC in a report released on Tuesday,Benzinga reports. They currently have a $20.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 114.59% from the company's previous close.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Mizuho set a $12.00 target price on shares of Jamf in a research note on Friday, August 8th. JMP Securities cut their target price on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a research note on Friday, August 8th. Canaccord Genuity Group cut their target price on shares of Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Bank of America cut their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th.

Jamf Stock Performance

JAMF traded up $0.05 on Tuesday, reaching $9.32. The stock had a trading volume of 1,173,412 shares, compared to its average volume of 1,673,471. Jamf has a 12-month low of $7.09 and a 12-month high of $18.99. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.97. The business's 50-day moving average price is $8.50 and its two-hundred day moving average price is $10.74. The company has a market cap of $1.23 billion, a P/E ratio of -23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.36.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The company had revenue of $176.50 million during the quarter, compared to analysts' expectations of $168.58 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Jamf will post 0.05 earnings per share for the current year.

Insider Activity at Jamf

In other news, insider Beth Tschida sold 11,878 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $122,818.52. Following the transaction, the insider directly owned 475,932 shares in the company, valued at approximately $4,921,136.88. This represents a 2.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Strosahl sold 16,125 shares of the company's 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 represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,249 shares of company stock valued at $706,115. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Jamf by 32,950.0% in the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after acquiring an additional 3,295 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Jamf in the 1st quarter worth approximately $41,000. Tower Research Capital LLC TRC lifted its holdings in shares of Jamf by 210.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company's stock worth $74,000 after acquiring an additional 5,311 shares during the last quarter. Quarry LP lifted its holdings in Jamf by 148.7% during the 1st quarter. Quarry LP now owns 6,505 shares of the company's stock worth $79,000 after buying an additional 3,889 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in Jamf during the 2nd quarter worth approximately $97,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.