Needham & Company LLC Reaffirms “Buy” Rating for Jamf (NASDAQ:JAMF)

Needham & Company LLC reaffirmed their buy rating on shares of Jamf (NASDAQ:JAMF) in a research report released on Tuesday morning, Benzinga reports. They currently have a $25.00 target price on the stock.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group began coverage on Jamf in a research report on Tuesday, September 3rd. They set a neutral rating and a $21.00 target price for the company. Canaccord Genuity Group decreased their target price on Jamf from $24.00 to $21.00 and set a buy rating for the company in a research report on Thursday, August 8th. Finally, JMP Securities restated a market outperform rating and set a $30.00 target price on shares of Jamf in a research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jamf currently has an average rating of Moderate Buy and a consensus price target of $23.38.

Jamf Stock Performance

Shares of NASDAQ:JAMF opened at $17.50 on Tuesday. The stock has a market capitalization of $2.25 billion, a P/E ratio of -20.59, a P/E/G ratio of 8.20 and a beta of 0.41. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $17.82 and a two-hundred day moving average price of $17.66.

Jamf (NASDAQ:JAMF) last posted its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) EPS. Equities analysts predict that Jamf will post 0.04 earnings per share for the current year.

Insider Activity at Jamf

In related news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Jamf news, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the sale, the insider now owns 333,631 shares in the company, valued at approximately $6,258,917.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the sale, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Jamf

Several institutional investors have recently bought and sold shares of JAMF. Optimus Prime Fund Management Co. Ltd. raised its stake in shares of Jamf by 116.9% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock worth $12,732,000 after purchasing an additional 380,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Jamf by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock worth $135,923,000 after purchasing an additional 129,489 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Jamf by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after purchasing an additional 462,257 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Jamf by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company’s stock worth $8,142,000 after purchasing an additional 6,298 shares in the last quarter. Finally, 272 Capital LP raised its stake in shares of Jamf by 41.4% during the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after purchasing an additional 44,486 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.