Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Up 7.4% in September

Jamf Holding Corp. (NASDAQ:JAMF) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 3,610,000 shares, a growth of 7.4% from the September 15th total of 3,360,000 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 418,900 shares, the days-to-cover ratio is currently 8.6 days.

Insider Buying and Selling

In related news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the sale, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Jamf

A number of large investors have recently made changes to their positions in JAMF. EVR Research LP increased its position in shares of Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after purchasing an additional 982,764 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Jamf by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares in the last quarter. Kopp LeRoy C purchased a new stake in Jamf during the first quarter valued at $7,385,000. Finally, Washington Harbour Partners LP purchased a new stake in shares of Jamf during the 1st quarter valued at about $2,628,000. 93.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JAMF has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Friday, October 4th. JMP Securities restated a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Canaccord Genuity Group cut their price target 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 note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Finally, Morgan Stanley initiated coverage on Jamf in a research note on Monday. They issued an “equal weight” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Jamf Price Performance

Shares of JAMF opened at $16.47 on Friday. Jamf has a fifty-two week low of $14.68 and a fifty-two week high of $21.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $2.12 billion, a PE ratio of -19.38, a price-to-earnings-growth ratio of 7.40 and a beta of 0.41. The firm’s 50-day simple moving average is $17.59 and its two-hundred day simple moving average is $17.55.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $153.02 million during the quarter, compared to the consensus estimate of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) earnings per share. Analysts anticipate that Jamf will post 0.04 earnings per share for the current fiscal year.

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.