Jamf (NASDAQ:JAMF) Hits New 12-Month Low – Should You Sell?

Jamf Holding Corp. (NASDAQ:JAMF) reached a new 52-week low during trading on Friday . The stock traded as low as $14.61 and last traded at $14.61, with a volume of 81091 shares trading hands. The stock had previously closed at $15.31.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Friday, October 4th. Morgan Stanley assumed coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group assumed coverage on Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Jamf Stock Performance

The business’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $17.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 0.95. The firm has a market capitalization of $1.87 billion, a PE ratio of -27.84, a price-to-earnings-growth ratio of 7.54 and a beta of 0.41.

Insider Buying and Selling at Jamf

In related news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the sale, the insider now owns 187,438 shares in the company, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

Large investors have recently made changes to their positions in the business. Quantinno Capital Management LP raised its holdings in Jamf by 97.1% during the 3rd quarter. Quantinno Capital Management LP now owns 292,626 shares of the company’s stock valued at $5,077,000 after buying an additional 144,144 shares during the period. Quarry LP increased its position in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares during the last quarter. Atom Investors LP raised its stake in shares of Jamf by 213.4% in the third quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after acquiring an additional 89,901 shares during the period. Walleye Capital LLC lifted its holdings in shares of Jamf by 31.1% in the 3rd quarter. Walleye Capital LLC now owns 24,980 shares of the company’s stock worth $433,000 after acquiring an additional 5,929 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Jamf by 16.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,637 shares of the company’s stock worth $2,110,000 after purchasing an additional 17,116 shares during the period. 93.81% of the stock is currently owned by institutional investors.

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.