Jamf Holding Corp. (NASDAQ:JAMF) Receives Consensus Recommendation of “N/A” from Brokerages

Jamf Holding Corp. (NASDAQ:JAMF) has earned a consensus recommendation of “N/A” from the zero research firms that are covering the firm, MarketBeat Ratings reports.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. began coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Morgan Stanley initiated coverage on shares of Jamf in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Barclays dropped their target price on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th.

Jamf Stock Performance

Shares of Jamf stock opened at $12.65 on Friday. The firm has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $15.23. Jamf has a fifty-two week low of $11.99 and a fifty-two week high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $1.64 billion, a P/E ratio of -23.00, a P/E/G ratio of 1.02 and a beta of 0.39.

Insider Transactions at Jamf

In other news, CEO John Strosahl sold 56,170 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the sale, the chief executive officer now directly owns 1,540,226 shares in the company, valued at $20,931,671.34. The trade was a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elizabeth Benz sold 57,380 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $780,368.00. Following the transaction, the insider now owns 358,775 shares of the company’s stock, valued at approximately $4,879,340. The trade was a 13.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,618 shares of company stock valued at $3,408,105 over the last 90 days. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JAMF. Intech Investment Management LLC acquired a new stake in shares of Jamf in the third quarter valued at about $279,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Jamf by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 552,266 shares of the company’s stock valued at $9,582,000 after buying an additional 42,582 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Jamf by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company’s stock valued at $775,000 after buying an additional 3,154 shares in the last quarter. FMR LLC increased its holdings in Jamf by 25.7% during the third quarter. FMR LLC now owns 65,654 shares of the company’s stock worth $1,139,000 after buying an additional 13,441 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in Jamf by 9.6% during the third quarter. MetLife Investment Management LLC now owns 46,434 shares of the company’s stock worth $806,000 after acquiring an additional 4,057 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.