Jamf (NASDAQ:JAMF) Sets New 1-Year Low - Time to Sell?

Shares of 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 trading hands. The stock had previously closed at $9.31.

Analyst Upgrades and Downgrades

JAMF has been the topic of several research reports. Barclays increased their price target on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut 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. William Blair reiterated an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Morgan Stanley cut 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $27.00 price target on shares of Jamf in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Jamf currently has an average rating of "Moderate Buy" and a consensus price target of $19.50.

Jamf Trading Down 1.9%

The company has a market cap of $1.20 billion, a price-to-earnings ratio of -23.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.50. The company's 50-day moving average is $10.76 and its 200 day moving average is $12.93.

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

Insider Buying and Selling at Jamf

In other news, insider Beth Tschida sold 11,878 shares of Jamf stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $122,818.52. Following the sale, the insider now owns 475,932 shares in the company, valued at $4,921,136.88. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dean Hager sold 4,708 shares of Jamf stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $10.46, for a total transaction of $49,245.68. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 71,957 shares of company stock valued at $755,361. Company insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Jamf

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in Jamf by 2.2% in the 1st quarter. Rhumbline Advisers now owns 116,785 shares of the company's stock worth $1,419,000 after buying an additional 2,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Jamf by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,638 shares of the company's stock worth $1,879,000 after acquiring an additional 8,658 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Jamf in the first quarter worth approximately $328,000. Goldman Sachs Group Inc. boosted its stake in shares of Jamf by 14.3% in the first quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company's stock worth $6,723,000 after acquiring an additional 69,414 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Jamf by 52.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 40,517 shares of the company's stock worth $492,000 after purchasing an additional 13,877 shares during the last quarter. 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.