Jamf (NASDAQ:JAMF) Price Target Lowered to $17.00 at Barclays

Jamf (NASDAQ:JAMF) had its price objective cut by Barclays from $20.00 to $17.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

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

Jamf Stock Down 2.5 %

Shares of NASDAQ:JAMF opened at $13.77 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of -25.04, a PEG ratio of 6.33 and a beta of 0.37. Jamf has a 52-week low of $13.55 and a 52-week high of $21.41. The business’s 50 day simple moving average is $14.98 and its two-hundred day simple moving average is $16.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Activity

In other news, insider Linh Lam sold 7,702 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

Large investors have recently bought and sold shares of the company. Crestwood Capital Management L.P. purchased a new position in shares of Jamf during the 3rd quarter valued at $3,470,000. Franklin Resources Inc. raised its stake in Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after acquiring an additional 38,429 shares during the period. Geode Capital Management LLC lifted its holdings in Jamf by 8.3% during the third 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 during the last quarter. Atom Investors LP boosted its position in Jamf by 213.4% during the third quarter. Atom Investors LP now owns 132,036 shares of the company’s stock worth $2,291,000 after purchasing an additional 89,901 shares during the period. Finally, 272 Capital LP increased its stake in shares of Jamf by 41.4% in the second quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after purchasing an additional 44,486 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.