Canaccord Genuity Group Reiterates Buy Rating for Jamf (NASDAQ:JAMF)

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report issued on Wednesday,Benzinga reports. They currently have a $21.00 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 42.57% from the company’s current price.

Several other brokerages have also weighed in on JAMF. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price objective on the stock. Barclays cut their price target on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Piper Sandler lowered their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reduced their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

Jamf Stock Down 0.3 %

Jamf stock opened at $14.73 on Wednesday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -26.78, a PEG ratio of 1.02 and a beta of 0.38. Jamf has a 52-week low of $13.40 and a 52-week high of $21.41. 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 firm has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $16.03.

Insider Buying and Selling

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

Institutional Trading of Jamf

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crestwood Capital Management L.P. purchased a new position in shares of Jamf during the 3rd quarter valued at $3,470,000. Franklin Resources Inc. boosted its stake in Jamf by 8.0% during the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after buying an additional 38,429 shares during the period. Geode Capital Management LLC grew its position in Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after buying an additional 134,314 shares in the last quarter. Atom Investors LP increased its stake in 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 acquiring an additional 89,901 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Jamf by 54.0% in the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock valued at $409,000 after acquiring an additional 10,199 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

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.