Jamf's (JAMF) "Market Outperform" Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Jamf (NASDAQ:JAMF - Free Report) in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a $27.00 price objective on the stock.

A number of other brokerages have also recently commented on JAMF. William Blair reissued an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Morgan Stanley lowered their price objective on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho set a $15.00 price objective on shares of Jamf in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $19.50.

Jamf Price Performance

Shares of NASDAQ:JAMF traded up $0.02 on Wednesday, reaching $10.51. 785,797 shares of the company were exchanged, compared to its average volume of 591,228. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -19.11, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. Jamf has a 1-year low of $9.95 and a 1-year high of $19.05. The company has a 50-day moving average of $11.30 and a 200-day moving average of $13.48. 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 issued 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 for the quarter, compared to analysts' expectations of $166.22 million. The company's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts forecast that Jamf will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at Jamf

In other news, Director Dean Hager sold 36,864 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68. Following the transaction, the director now directly owns 302,775 shares in the company, valued at $4,048,101.75. This represents a 10.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the transaction, the chief accounting officer now owns 57,946 shares in the company, valued at approximately $788,065.60. The trade was a 14.34% 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 in the last three months. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JAMF. GAMMA Investing LLC lifted 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 worth $40,000 after acquiring an additional 3,295 shares during the period. Farther Finance Advisors LLC acquired a new stake in Jamf during the 1st quarter worth approximately $41,000. Blue Trust Inc. increased its position in Jamf by 238.0% during 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 in the last quarter. Quarry LP increased its position 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 purchasing an additional 3,889 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Jamf by 51.0% during 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 in the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

About Jamf

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.