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

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

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley reduced their price target 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. JMP Securities reissued a "market outperform" rating and issued a $27.00 price objective on shares of Jamf in a research report on Wednesday, May 28th. Bank of America lowered their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday. Needham & Company LLC decreased their price target on shares of Jamf from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Barclays increased their price target on shares of Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Four research 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 a consensus rating of "Moderate Buy" and a consensus target price of $17.91.

Jamf Price Performance

Jamf stock traded down $0.20 during mid-day trading on Thursday, hitting $8.12. The stock had a trading volume of 1,057,147 shares, compared to its average volume of 678,365. The firm's 50 day moving average is $9.83 and its 200 day moving average is $12.12. Jamf has a one year low of $7.95 and a one year high of $18.99. The firm has a market capitalization of $1.07 billion, a P/E ratio of -21.37, a P/E/G ratio of 1.50 and a beta of 0.37. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50.

Jamf (NASDAQ:JAMF - Get Free Report) last released 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). Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The business had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Jamf's revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Jamf will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Jamf

In other news, Director Dean Hager sold 27,720 shares of Jamf stock in a transaction that occurred on 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 in the company, valued at $2,795,387.98. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Beth Tschida sold 11,878 shares of Jamf stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total transaction of $122,818.52. Following the completion of the sale, the insider owned 475,932 shares of the company's stock, valued at approximately $4,921,136.88. This trade represents a 2.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently modified their holdings of JAMF. GAMMA Investing LLC raised its position in Jamf by 32,950.0% in the first quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after acquiring an additional 3,295 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Jamf in the first quarter worth about $41,000. Quarry LP raised its holdings in Jamf by 148.7% during the 1st quarter. Quarry LP now owns 6,505 shares of the company's stock worth $79,000 after buying an additional 3,889 shares during the period. Canada Pension Plan Investment Board raised its holdings in Jamf by 51.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after buying an additional 2,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Jamf during the 2nd quarter worth about $115,000. Institutional investors and hedge funds 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.