Jamf (NASDAQ:JAMF) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Jamf (NASDAQ:JAMF) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $25.00 target price on the stock.

A number of other analysts have also recently weighed in on JAMF. William Blair reaffirmed an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Royal Bank of Canada reduced their price objective on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler reduced their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group reissued a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Finally, Barclays reduced their price objective on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.70.

Jamf Stock Performance

NASDAQ JAMF opened at $13.96 on Tuesday. The firm’s fifty day moving average price is $14.78 and its two-hundred day moving average price is $15.93. The stock has a market cap of $1.78 billion, a PE ratio of -25.38, a PEG ratio of 1.02 and a beta of 0.38. Jamf has a fifty-two week low of $13.30 and a fifty-two week high of $21.41. 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 at Jamf

In related news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its position in shares of Jamf by 130.9% during the 3rd 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 position in Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after buying an additional 2,523 shares in the last quarter. Versant Capital Management Inc increased its position in Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after buying an additional 795 shares in the last quarter. Venturi Wealth Management LLC increased its position in Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares in the last quarter. Finally, Assetmark Inc. increased its position in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares in the last quarter. Institutional investors and hedge funds 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.