Jamf (NASDAQ:JAMF) Reaches New 52-Week Low at $14.81

Jamf Holding Corp. (NASDAQ:JAMF) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.81 and last traded at $14.85, with a volume of 105122 shares changing hands. The stock had previously closed at $14.91.

Wall Street Analyst Weigh In

JAMF has been the topic of several research reports. Canaccord Genuity Group upped their target price on Jamf from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays upped their target price on Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, June 4th. Royal Bank of Canada upped their target price on Jamf from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Finally, Mizuho increased their price target on Jamf from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Jamf presently has a consensus rating of “Moderate Buy” and an average price target of $24.14.

Jamf Price Performance

The firm has a 50-day simple moving average of $17.51 and a two-hundred day simple moving average of $18.18. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -17.72, a P/E/G ratio of 26.56 and a beta of 0.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

Jamf (NASDAQ:JAMF) last posted its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Jamf had a negative return on equity of 4.86% and a negative net margin of 18.33%. The firm had revenue of $152.12 million for the quarter, compared to analysts’ expectations of $149.21 million. During the same period last year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, analysts predict that Jamf Holding Corp. will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Ian Goodkind sold 5,580 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $15.48, for a total transaction of $86,378.40. Following the sale, the chief financial officer now directly owns 239,119 shares in the company, valued at approximately $3,701,562.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Ian Goodkind sold 5,580 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $15.48, for a total value of $86,378.40. Following the transaction, the chief financial officer now directly owns 239,119 shares of the company’s stock, valued at approximately $3,701,562.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dean Hager sold 30,442 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $15.46, for a total transaction of $470,633.32. Following the completion of the transaction, the director now directly owns 339,639 shares in the company, valued at $5,250,818.94. The disclosure for this sale can be found here. Insiders have sold 132,076 shares of company stock worth $2,310,855 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JAMF. Wellington Management Group LLP lifted its stake in Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after purchasing an additional 462,257 shares in the last quarter. Vanguard Group Inc. lifted its stake in Jamf by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock worth $135,923,000 after purchasing an additional 129,489 shares in the last quarter. Keenan Capital LLC lifted its stake in Jamf by 6.0% in the 3rd quarter. Keenan Capital LLC now owns 2,730,496 shares of the company’s stock worth $48,221,000 after purchasing an additional 153,849 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Jamf by 6.0% in the 3rd quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company’s stock worth $36,344,000 after purchasing an additional 115,808 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Jamf by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock worth $29,554,000 after purchasing an additional 265,040 shares in the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.