Jamf (NASDAQ:JAMF) Price Target Cut to $12.00 by Analysts at JPMorgan Chase & Co.

Jamf (NASDAQ:JAMF - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $15.00 to $12.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC reduced their price objective on Jamf from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday. Barclays increased their price objective on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Bank of America reduced their price objective on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Morgan Stanley reduced their price objective on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Mizuho reduced their price objective on Jamf from $15.00 to $13.00 and set an "outperform" rating for the company in a research note on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Jamf currently has an average rating of "Moderate Buy" and a consensus target price of $17.45.

Jamf Trading Down 0.4%

Shares of NASDAQ:JAMF traded down $0.04 during midday trading on Thursday, reaching $8.09. The company had a trading volume of 528,671 shares, compared to its average volume of 679,141. 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 has a 1-year low of $7.95 and a 1-year high of $18.99. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -21.50, a price-to-earnings-growth ratio of 1.43 and a beta of 0.37. The company has a fifty day simple moving average of $9.83 and a two-hundred day simple moving average of $12.10.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. During the same quarter last year, the business earned $0.14 EPS. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts predict that Jamf will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other Jamf news, insider Beth Tschida sold 11,878 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $122,818.52. Following the sale, the insider owned 475,932 shares of the company's stock, valued at $4,921,136.88. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Strosahl sold 16,125 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.75, for a total value of $173,343.75. Following the completion of the sale, the chief executive officer directly owned 1,524,101 shares in the company, valued at $16,384,085.75. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,957 shares of company stock worth $755,361. Insiders own 2.70% of the company's stock.

Institutional Trading of Jamf

Several institutional investors have recently modified their holdings of JAMF. Oppenheimer Asset Management Inc. bought a new stake in Jamf during the 1st quarter worth approximately $126,000. Cetera Investment Advisers acquired a new position in Jamf in the fourth quarter worth $145,000. SG Americas Securities LLC boosted its stake in Jamf by 97.6% in the first 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 in the last quarter. BNP Paribas Financial Markets acquired a new position in Jamf in the fourth quarter worth $931,000. Finally, Ameriprise Financial Inc. acquired a new position in Jamf in the fourth quarter worth $158,000. Institutional investors and hedge funds 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.