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

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) 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 traded.

Other research analysts have also issued reports about the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $21.00 target price on shares of Jamf in a research report on Wednesday, February 26th. William Blair reissued an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Royal Bank of Canada cut their price objective on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut 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. Finally, Morgan Stanley cut 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.80.

Insider Buying and Selling

In related news, insider Beth Tschida sold 88,797 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares of the company's stock, valued at $6,522,019.70. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Strosahl sold 56,170 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the transaction, the chief executive officer now owns 1,540,226 shares in the company, valued at $20,931,671.34. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock valued at $3,355,739 over the last ninety days. Company insiders own 2.30% of the company's stock.

Institutional Trading of Jamf

Several institutional investors have recently bought and sold shares of JAMF. GAMMA Investing LLC grew its holdings in Jamf by 32,950.0% in the first 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 acquired a new stake in Jamf in the first quarter valued at approximately $41,000. Blue Trust Inc. grew its holdings in Jamf by 238.0% in the fourth 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. Canada Pension Plan Investment Board grew its holdings in Jamf by 51.0% in the fourth 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. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Jamf in the first quarter valued at approximately $126,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Jamf Stock Performance

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 firm has a fifty day simple moving average of $11.98 and a 200 day simple moving average of $14.00. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -21.40, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44.

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

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.