Jamf (NASDAQ:JAMF) Stock Rating Reaffirmed by Needham & Company LLC

Jamf (NASDAQ:JAMF - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued on Thursday, Benzinga reports. They presently have a $25.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 25.31% from the company's previous close.

JAMF has been the subject of a number of other research reports. Mizuho raised their price target on shares of Jamf from $21.00 to $22.00 and gave the company a "buy" rating in a report on Thursday. Barclays raised their price target on shares of Jamf from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, March 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $21.00 price target on shares of Jamf in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.14.

Jamf Price Performance

Shares of NASDAQ:JAMF traded up $0.24 during trading on Thursday, reaching $19.95. The stock had a trading volume of 738,399 shares, compared to its average volume of 421,849. Jamf has a 52 week low of $14.83 and a 52 week high of $22.89. The business's 50-day moving average price is $18.45 and its 200 day moving average price is $18.17. 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 stock has a market capitalization of $2.56 billion, a PE ratio of -22.15 and a beta of 0.47.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The company had revenue of $152.12 million during the quarter, compared to analysts' expectations of $149.21 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Jamf's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts predict that Jamf will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In other Jamf news, CFO Ian Goodkind sold 51,439 shares of Jamf stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.07, for a total transaction of $1,032,380.73. Following the completion of the sale, the chief financial officer now owns 244,699 shares of the company's stock, valued at approximately $4,911,108.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Ian Goodkind sold 51,439 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.07, for a total value of $1,032,380.73. Following the completion of the transaction, the chief financial officer now owns 244,699 shares of the company's stock, valued at approximately $4,911,108.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Linh Lam sold 2,200 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 200,585 shares of the company's stock, valued at approximately $4,017,717.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 239,323 shares of company stock valued at $4,393,336. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company's stock valued at $59,000 after acquiring an additional 559 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Jamf in the 4th quarter valued at about $163,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jamf in the fourth quarter valued at about $184,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Jamf by 73.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company's stock worth $224,000 after buying an additional 5,264 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Jamf by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,710 shares of the company's stock worth $233,000 after buying an additional 1,000 shares in the last quarter. 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.