Jamf (NASDAQ:JAMF) Shares Gap Down to $18.70

Jamf Holding Corp. (NASDAQ:JAMF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $18.70, but opened at $18.13. Jamf shares last traded at $17.82, with a volume of 42,090 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.38.

Jamf Stock Performance

The firm has a market capitalization of $2.33 billion, a PE ratio of -21.27, a PEG ratio of 7.64 and a beta of 0.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $17.91 and a 200 day moving average of $17.67.

Jamf (NASDAQ:JAMF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. Jamf’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned ($0.19) EPS. Equities research analysts predict that Jamf Holding Corp. will post 0.04 EPS for the current year.

Insider Activity at Jamf

In other Jamf news, insider Beth Tschida sold 1,696 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total transaction of $31,816.96. Following the transaction, the insider now owns 333,631 shares in the company, valued at approximately $6,258,917.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Jamf news, insider Beth Tschida sold 1,696 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $18.76, for a total value of $31,816.96. Following the transaction, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jamf

Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Jamf by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,836 shares of the company’s stock valued at $8,142,000 after acquiring an additional 6,298 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Jamf by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock worth $29,554,000 after buying an additional 265,040 shares during the period. Norges Bank acquired a new position in Jamf in the 4th quarter valued at approximately $13,169,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Jamf during the 4th quarter valued at about $184,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Jamf by 24.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,261 shares of the company’s stock worth $817,000 after acquiring an additional 9,030 shares in the last quarter. 93.81% of the stock is currently 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.