Jamf (NASDAQ:JAMF) Trading Up 6.1% After Strong Earnings

Jamf Holding Corp. (NASDAQ:JAMF)’s stock price shot up 6.1% on Thursday following a stronger than expected earnings report. The company traded as high as $21.41 and last traded at $20.91. 47,238 shares changed hands during trading, a decline of 89% from the average session volume of 414,282 shares. The stock had previously closed at $19.71.

The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. The company had revenue of $152.12 million during the quarter, compared to the consensus estimate of $149.21 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. Jamf’s quarterly revenue was up 15.1% compared to the same quarter last year.

Wall Street Analyst Weigh In

JAMF has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Mizuho lifted their target price on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday. Barclays increased their price objective on Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Insider Buying and Selling at Jamf

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 value of $1,309,444.80. Following the completion of the sale, the director now owns 385,665 shares of the company’s stock, valued at $6,849,410.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO John Strosahl sold 33,961 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $17.89, for a total value of $607,562.29. Following the completion of the transaction, the chief executive officer now owns 1,101,639 shares of the company’s stock, valued at approximately $19,708,321.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dean Hager sold 73,730 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $17.76, for a total value of $1,309,444.80. Following the completion of the transaction, the director now directly owns 385,665 shares of the company’s stock, valued at $6,849,410.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 239,323 shares of company stock worth $4,393,336. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of 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. ProShare Advisors LLC grew its stake in shares of Jamf by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock worth $233,000 after acquiring an additional 1,000 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Jamf by 2.8% in the third quarter. Raymond James & Associates now owns 38,800 shares of the company’s stock valued at $685,000 after purchasing an additional 1,074 shares during the last quarter. Swiss National Bank lifted its position in shares of Jamf by 1.0% in the third quarter. Swiss National Bank now owns 109,000 shares of the company’s stock worth $1,925,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Jamf by 10.7% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 22,671 shares of the company’s stock worth $409,000 after purchasing an additional 2,192 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Price Performance

The company has a market cap of $2.63 billion, a P/E ratio of -22.15 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $18.16.

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.