Jamf (NASDAQ:JAMF) Shares Gap Up - Should You Buy?

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.22, but opened at $8.65. Jamf shares last traded at $8.18, with a volume of 191,415 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JAMF. JPMorgan Chase & Co. reduced their target price on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays upped their target price on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 target price on shares of Jamf in a research report on Wednesday, May 28th. Morgan Stanley reduced their target price on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho reduced their target price on shares of Jamf from $15.00 to $13.00 and set an "outperform" rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.18.

Jamf Stock Down 0.6%

The company's 50-day moving average is $9.95 and its 200 day moving average is $12.20. The company has a market capitalization of $1.10 billion, a PE ratio of -21.84, a P/E/G ratio of 1.47 and a beta of 0.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08.

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

Insider Activity at Jamf

In other news, Director Dean Hager sold 27,720 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total transaction of $286,624.80. Following the sale, the director owned 270,347 shares of the company's stock, valued at $2,795,387.98. This trade represents a 9.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Beth Tschida sold 11,878 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total transaction of $122,818.52. Following the sale, the insider directly owned 475,932 shares in the company, valued at approximately $4,921,136.88. The trade was a 2.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is owned by insiders.

Institutional Trading of Jamf

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of Jamf in the 1st quarter worth approximately $126,000. Cetera Investment Advisers bought a new position in shares of Jamf in the 4th quarter worth approximately $145,000. SG Americas Securities LLC lifted its stake in shares of Jamf by 97.6% in the 1st quarter. SG Americas Securities LLC now owns 57,493 shares of the company's stock worth $699,000 after purchasing an additional 28,394 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Jamf in the 4th quarter worth approximately $931,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Jamf in the 4th quarter worth approximately $158,000. 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.