Jamf (NASDAQ:JAMF) Shares Gap Down to $20.41

Shares of Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $20.41, but opened at $18.30. Jamf shares last traded at $18.19, with a volume of 902,747 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JAMF. Barclays increased their price objective on shares of Jamf from $18.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, March 14th. Royal Bank of Canada raised their target price on shares of Jamf from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Thursday, May 9th. Mizuho raised their target price on shares of Jamf from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of Jamf in a research note on Thursday, May 9th. Finally, Canaccord Genuity Group raised their target price on shares of Jamf from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Jamf presently has a consensus rating of "Moderate Buy" and an average price target of $24.14.

Jamf Stock Performance

The company's 50-day moving average price is $18.58 and its two-hundred day moving average price is $18.29. The company has a market cap of $2.28 billion, a P/E ratio of -20.80 and a beta of 0.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. Jamf had a negative net margin of 18.33% and a negative return on equity of 4.86%. The company had revenue of $152.12 million during the quarter, compared to analysts' expectations of $149.21 million. During the same period last year, the company posted ($0.08) earnings per share. The business's revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities analysts forecast that Jamf Holding Corp. will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Linh Lam sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total transaction of $44,066.00. Following the completion of the sale, the insider now directly owns 200,585 shares in the company, valued at $4,017,717.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Dean Hager sold 73,730 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $17.76, for a total transaction of $1,309,444.80. Following the transaction, the director now owns 385,665 shares of the company's stock, valued at $6,849,410.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Linh Lam sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total transaction of $44,066.00. Following the transaction, the insider now directly owns 200,585 shares in the company, valued at approximately $4,017,717.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,323 shares of company stock worth $4,393,336. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jamf

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Jamf by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company's stock valued at $142,158,000 after purchasing an additional 462,257 shares during the period. Vanguard Group Inc. grew its stake in shares of Jamf by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company's stock worth $135,923,000 after acquiring an additional 129,489 shares during the last quarter. Keenan Capital LLC grew its stake in shares of Jamf by 6.0% in the third quarter. Keenan Capital LLC now owns 2,730,496 shares of the company's stock worth $48,221,000 after acquiring an additional 153,849 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Jamf by 6.0% in the third quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company's stock worth $36,344,000 after acquiring an additional 115,808 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Jamf by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company's stock worth $29,554,000 after buying an additional 265,040 shares in the last quarter. Institutional investors 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.