Jamf (NASDAQ:JAMF) Shares Gap Up on Analyst Upgrade

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) shares gapped up before the market opened on Wednesday after Barclays raised their price target on the stock from $13.00 to $15.00. The stock had previously closed at $11.36, but opened at $12.66. Barclays currently has an equal weight rating on the stock. Jamf shares last traded at $11.11, with a volume of 164,903 shares.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada dropped their price target on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday, March 4th. Morgan Stanley dropped 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 target price on shares of Jamf in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.80.

Insider Buying and Selling

In other news, Director Dean Hager sold 36,864 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the completion of the transaction, the director now directly owns 302,775 shares of the company's stock, valued at $4,048,101.75. The trade was a 10.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now owns 487,810 shares of the company's stock, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,912 shares of company stock worth $3,355,739 in the last three months. Corporate insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Jamf

Several hedge funds have recently modified their holdings of JAMF. Franklin Resources Inc. lifted its stake in shares of Jamf by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock worth $8,664,000 after purchasing an additional 38,429 shares during the period. SG Americas Securities LLC boosted its position in shares of Jamf by 54.0% in the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock worth $409,000 after acquiring an additional 10,199 shares during the last quarter. Renaissance Technologies LLC increased its position in Jamf by 53.5% during the fourth quarter. Renaissance Technologies LLC now owns 143,400 shares of the company's stock worth $2,015,000 after purchasing an additional 50,000 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Jamf in the 4th quarter worth $231,000. Finally, 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 in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Trading Down 2.1 %

The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -20.25, a PEG ratio of 1.02 and a beta of 0.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business's 50-day simple moving average is $12.14 and its two-hundred day simple moving average is $14.14.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The firm had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, research analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

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.

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