Jamf (NASDAQ:JAMF) Sees Large Volume Increase - Time to Buy?

Key Points

• Jamf shares experienced a 265% increase in trading volume, with about 3.7 million shares changing hands, despite the stock price slightly dropping to $10.41 from a previous close of $10.55.
• Several analysts have revised their target prices for Jamf, with Canaccord Genuity lowering it from $19 to $15 and Bank of America cutting its target from $15 to $12, indicating a cautious outlook on the stock.
• Jamf reported a 15.4% revenue increase year-over-year, achieving earnings of $0.18 per share for the latest quarter, which surpassed analysts' expectations of $0.17.

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) saw strong trading volume on Friday . 3,697,145 shares were traded during mid-day trading, an increase of 265% from the previous session's volume of 1,012,470 shares.The stock last traded at $10.41 and had previously closed at $10.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America cut their price objective on Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Morgan Stanley decreased their target price on Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 2nd. Mizuho set a $12.00 price target on Jamf in a research note on Friday, August 8th. Wall Street Zen cut Jamf from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, JMP Securities cut their price objective on Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a research report on Friday, August 8th.

Jamf Stock Up 1.3%

The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -29.41, a price-to-earnings-growth ratio of 2.47 and a beta of 0.39. 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 stock has a 50-day moving average of $8.69 and a 200-day moving average of $10.31.

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

Institutional Trading of Jamf

Several large investors have recently made changes to their positions in JAMF. Farther Finance Advisors LLC acquired a new position in shares of Jamf during the 1st quarter worth about $41,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 3,295 shares during the last quarter. Quarry LP lifted its position in shares of 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 during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Jamf by 210.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company's stock worth $74,000 after purchasing an additional 5,311 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Jamf during the 2nd quarter worth about $97,000. 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.