Jamf (NASDAQ:JAMF) Price Target Cut to $17.00 by Analysts at Barclays

Jamf (NASDAQ:JAMF) had its target price trimmed by Barclays from $20.00 to $17.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Piper Sandler cut their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Finally, Morgan Stanley assumed coverage on shares of Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.44.

Jamf Stock Down 2.5 %

Jamf stock opened at $13.77 on Friday. The business’s 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $16.58. 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 company has a market cap of $1.76 billion, a PE ratio of -25.04, a PEG ratio of 6.33 and a beta of 0.37. Jamf has a fifty-two week low of $13.55 and a fifty-two week high of $21.41.

Insider Transactions at Jamf

In other news, insider Linh Lam sold 7,702 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now owns 187,438 shares in the company, valued at $3,103,973.28. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

Institutional investors have recently modified their holdings of the stock. Quarry LP lifted its stake in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after acquiring an additional 795 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares during the last quarter. Assetmark Inc. increased its position in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Jamf in the 2nd quarter valued at $81,000. Institutional investors and hedge funds 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.