Jamf (NASDAQ:JAMF) Earns "Buy" Rating from Needham & Company LLC

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 reaffirmed by equities research analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They presently have a $20.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 115.75% from the stock's current price.

JAMF has been the subject of a number of other research reports. Barclays decreased their price target on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, July 21st. Bank of America decreased their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. JMP Securities lowered their target price on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating on the stock in a report on Friday, August 8th. Mizuho set a $12.00 price target on shares of Jamf in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, July 17th.

Jamf Stock Up 1.9%

Jamf stock traded up $0.17 during midday trading on Tuesday, reaching $9.27. The stock had a trading volume of 1,299,920 shares, compared to its average volume of 1,666,168. The company has a fifty day moving average price of $8.49 and a two-hundred day moving average price of $10.82. 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 company has a market capitalization of $1.22 billion, a P/E ratio of -23.77, a PEG ratio of 1.95 and a beta of 0.36.

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

Insider Activity

In related news, insider Beth Tschida sold 11,878 shares of the business'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 transaction of $122,818.52. Following the completion of the transaction, the insider owned 475,932 shares of the company's stock, valued at approximately $4,921,136.88. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Strosahl sold 16,125 shares of the 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 sale, the chief executive officer owned 1,524,101 shares in the company, valued at $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. Insiders have sold a total of 71,957 shares of company stock valued at $755,361 over the last ninety days. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new stake in shares of Jamf in the 1st quarter valued at about $126,000. Cetera Investment Advisers bought a new position in shares of Jamf in the fourth quarter worth approximately $145,000. SG Americas Securities LLC raised its stake in Jamf by 97.6% in the first quarter. SG Americas Securities LLC now owns 57,493 shares of the company's stock valued at $699,000 after purchasing an additional 28,394 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Jamf in the fourth quarter valued at approximately $931,000. Finally, Ameriprise Financial Inc. bought a new stake in Jamf during the fourth quarter valued at approximately $158,000. 93.81% of the stock is currently owned by hedge funds and other 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.