Jamf (NASDAQ:JAMF) Sets New 1-Year Low - Here's Why

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $9.25 and last traded at $9.27, with a volume of 818866 shares changing hands. The stock had previously closed at $9.31.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. William Blair reissued an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Morgan Stanley decreased their price objective on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of Jamf in a report on Tuesday, March 4th. Finally, Mizuho set a $15.00 price objective on Jamf in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $19.50.

Jamf Trading Down 0.4%

The firm has a 50-day moving average of $10.84 and a 200-day moving average of $13.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $1.22 billion, a P/E ratio of -24.39, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The company had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Jamf's revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insider Transactions at Jamf

In other news, Director Dean Hager sold 4,708 shares of Jamf stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $10.46, for a total value of $49,245.68. Following the sale, the director now directly owns 298,067 shares in the company, valued at approximately $3,117,780.82. This trade represents a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Strosahl sold 16,125 shares of Jamf stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.75, for a total value of $173,343.75. Following the completion of the sale, the chief executive officer now owns 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 three months, insiders have sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake 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 valued at $40,000 after purchasing an additional 3,295 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Jamf in the 1st quarter valued at approximately $41,000. 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 valued at $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 valued at $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 valued at $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.

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.

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