Jamf (NASDAQ:JAMF) Now Covered by Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Jamf (NASDAQ:JAMF) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 29.45% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, January 21st. Royal Bank of Canada cut their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Morgan Stanley started coverage on shares of Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target for the company. Barclays cut their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Finally, Piper Sandler cut their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

Jamf Stock Performance

Shares of JAMF opened at $15.45 on Thursday. The firm has a 50-day moving average price of $14.75 and a 200 day moving average price of $16.27. The firm has a market capitalization of $1.97 billion, a PE ratio of -28.09, a P/E/G ratio of 1.04 and a beta of 0.38. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 52-week low of $13.40 and a 52-week high of $21.41.

Insider Buying and Selling at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the sale, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

Hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its position in shares of Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares in the last quarter. Blue Trust Inc. increased its holdings in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after buying an additional 2,523 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after buying an additional 1,327 shares during the last quarter. Versant Capital Management Inc increased its holdings in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after buying an additional 1,387 shares during the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.