Jamf (NASDAQ:JAMF) Price Target Cut to $21.00 by Analysts at Canaccord Genuity Group

Jamf (NASDAQ:JAMF) had its target price lowered by Canaccord Genuity Group from $24.00 to $21.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

JAMF has been the subject of several other research reports. Needham & Company LLC reiterated a buy rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, June 4th. Mizuho lifted their target price on shares of Jamf from $21.00 to $22.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada increased their price target on shares of Jamf from $21.00 to $23.00 and gave the company an outperform 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.com, the company has an average rating of Moderate Buy and a consensus price target of $23.71.

Jamf Price Performance

NASDAQ JAMF traded up $0.03 on Thursday, reaching $16.76. 332,940 shares of the company’s stock traded hands, compared to its average volume of 531,675. The stock has a market cap of $2.15 billion, a PE ratio of -19.72, a P/E/G ratio of 31.47 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. Jamf has a 12 month low of $14.68 and a 12 month high of $21.41. The stock has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $17.98.

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

Insider Transactions at Jamf

In other Jamf news, insider Beth Tschida sold 1,696 shares of Jamf stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now directly owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Etalvina Leite sold 4,153 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $16.06, for a total value of $66,697.18. Following the completion of the transaction, the director now directly owns 14,680 shares in the company, valued at approximately $235,760.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now directly owns 333,631 shares in the company, valued at approximately $6,258,917.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,607 shares of company stock valued at $1,128,725. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its stake in shares of Jamf by 17,830.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after buying an additional 2,318 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Jamf during the second quarter valued at $45,000. Assetmark Inc. raised its position in shares of Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after purchasing an additional 559 shares during the last quarter. EntryPoint Capital LLC grew its position in Jamf by 40.0% during the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after purchasing an additional 949 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Jamf by 33.4% during the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

About Jamf

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.