Jamf (NASDAQ:JAMF) Stock Rating Lowered by Wall Street Zen

Key Points

• Jamf's stock rating was downgraded from "buy" to "hold" by Wall Street Zen, reflecting increasing caution among analysts about the company’s performance.
• Several analysts have reduced their target price estimates for Jamf, with Morgan Stanley now setting it at $10.00, down from $14.00, highlighting an overall negative sentiment in the market.
• Insider trading activity has been notable, with key executives selling shares recently, indicating potential concerns about future performance and corporate governance.

Jamf (NASDAQ:JAMF - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Other analysts also recently issued reports about the company. Morgan Stanley lowered their target price on Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 2nd. Mizuho set a $12.00 target price on Jamf in a research note on Friday, August 8th. Canaccord Genuity Group lowered their target price on Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. lowered their target price on Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Finally, Bank of America lowered their target price on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th.

Jamf Stock Up 0.9%

Shares of NASDAQ JAMF opened at $10.64 on Friday. Jamf has a 12-month low of $7.09 and a 12-month high of $18.00. The company has a market cap of $1.40 billion, a P/E ratio of -27.28, a P/E/G ratio of 2.31 and a beta of 0.43. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average price of $10.04 and a 200 day moving average price of $9.88.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $176.50 million during the quarter, compared to the consensus estimate of $168.58 million. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The firm's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Jamf will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Linh Lam sold 3,210 shares of Jamf stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $9.95, for a total transaction of $31,939.50. Following the sale, the insider owned 250,308 shares of the company's stock, valued at approximately $2,490,564.60. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Strosahl sold 43,650 shares of Jamf stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $9.88, for a total value of $431,262.00. Following the sale, the chief executive officer directly owned 1,480,451 shares in the company, valued at approximately $14,626,855.88. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently made changes to their positions in JAMF. Sunriver Management LLC bought a new stake in shares of Jamf during the first quarter valued at approximately $37,394,000. Marshall Wace LLP raised its holdings in shares of Jamf by 181.7% during the second quarter. Marshall Wace LLP now owns 1,366,919 shares of the company's stock valued at $12,999,000 after buying an additional 881,745 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Jamf by 133.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company's stock valued at $13,023,000 after acquiring an additional 781,968 shares during the period. Palisade Capital Management LP acquired a new position in shares of Jamf during the first quarter valued at approximately $7,567,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Jamf by 340.0% during the second quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company's stock valued at $6,208,000 after acquiring an additional 504,425 shares during the period. Institutional investors own 93.81% of the company's stock.

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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