Jamf (NASDAQ:JAMF) Reaches New 52-Week Low Following Analyst Downgrade

Shares of Jamf Holding Corp. (NASDAQ:JAMF) reached a new 52-week low on Friday after Barclays lowered their price target on the stock from $17.00 to $16.00. Barclays currently has an equal weight rating on the stock. Jamf traded as low as $13.30 and last traded at $13.71, with a volume of 224891 shares trading hands. The stock had previously closed at $14.73.

Several other research firms have also recently commented on JAMF. Piper Sandler lowered their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday. Canaccord Genuity Group reissued a “buy” rating and set a $21.00 price target on shares of Jamf in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Jamf presently has an average rating of “Moderate Buy” and an average price target of $21.70.

Insider Buying and Selling at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now directly owns 33,479 shares in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

A number of hedge funds and other institutional investors have recently made changes to their positions in JAMF. PharVision Advisers LLC bought a new stake in Jamf during the fourth quarter worth about $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Jamf by 20.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,980 shares of the company’s stock valued at $2,051,000 after purchasing an additional 24,343 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Jamf during the 4th quarter worth $614,000. Squarepoint Ops LLC bought a new position in Jamf in the 4th quarter valued at $1,188,000. Finally, Twinbeech Capital LP acquired a new stake in shares of Jamf in the 4th quarter valued at $180,000. 93.81% of the stock is owned by institutional investors.

Jamf Stock Down 7.1 %

The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -24.87, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50 day moving average price of $14.83 and a 200-day moving average price of $16.03.

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.