Short Interest in Jamf Holding Corp. (NASDAQ:JAMF) Drops By 21.4%

Jamf Holding Corp. (NASDAQ:JAMF) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,240,000 shares, a drop of 21.4% from the January 15th total of 2,850,000 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average trading volume of 604,600 shares, the days-to-cover ratio is currently 3.7 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JAMF shares. JPMorgan Chase & Co. started coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price for the company. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Barclays dropped their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Jamf has a consensus rating of “Moderate Buy” and an average price target of $21.80.

Jamf Trading Down 1.9 %

Shares of NASDAQ JAMF traded down $0.30 during midday trading on Monday, hitting $15.66. The stock had a trading volume of 379,111 shares, compared to its average volume of 578,439. The company’s 50-day simple moving average is $14.81 and its 200 day simple moving average is $16.12. The firm has a market cap of $2.00 billion, a P/E ratio of -28.47, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. Jamf has a fifty-two week low of $13.40 and a fifty-two week high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Insiders Place Their Bets

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the sale, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crestwood Capital Management L.P. acquired a new stake in shares of Jamf in the 3rd quarter valued at $3,470,000. Franklin Resources Inc. boosted its position in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after purchasing an additional 38,429 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after purchasing an additional 134,314 shares during the last quarter. Atom Investors LP boosted its position in shares of Jamf by 213.4% in the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock worth $2,291,000 after purchasing an additional 89,901 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after purchasing an additional 306,558 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

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.