Jamf Holding Corp. (NASDAQ:JAMF) Receives Average Rating of “N/A” from Brokerages

Jamf Holding Corp. (NASDAQ:JAMF) has been given an average recommendation of “N/A” by the zero brokerages that are covering the company, Marketbeat.com reports.

A number of analysts have commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Barclays reduced their target price on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Morgan Stanley initiated coverage on Jamf in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price target for the company. Finally, Piper Sandler reduced their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th.

Insider Transactions at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the sale, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. This represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Strosahl sold 56,170 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the sale, the chief executive officer now owns 1,540,226 shares of the company’s stock, valued at $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,618 shares of company stock worth $3,408,105 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Jamf by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock worth $152,375,000 after acquiring an additional 841,239 shares during the period. Vanguard Group Inc. increased its stake in Jamf by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after acquiring an additional 114,036 shares during the last quarter. Clearbridge Investments LLC raised its position in Jamf by 20.2% during the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after purchasing an additional 409,531 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Jamf by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock worth $29,242,000 after purchasing an additional 167,909 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $30,391,000 after purchasing an additional 134,314 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Price Performance

JAMF opened at $10.80 on Friday. 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 stock has a market capitalization of $1.40 billion, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. The company’s 50 day simple moving average is $14.18 and its 200-day simple moving average is $15.16. Jamf has a one year low of $10.67 and a one year high of $21.41.

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.