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

Jamf (NASDAQ:JAMFGet Free Report) had its price target cut by Barclays from $20.00 to $17.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 22.74% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Piper Sandler cut their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Finally, Morgan Stanley assumed coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.44.

View Our Latest Analysis on JAMF

Jamf Trading Down 2.0 %

Shares of NASDAQ JAMF traded down $0.28 during midday trading on Friday, reaching $13.85. 175,418 shares of the stock were exchanged, compared to its average volume of 406,722. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -25.18, a P/E/G ratio of 6.33 and a beta of 0.37. Jamf has a 12 month low of $13.55 and a 12 month 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 business has a 50-day simple moving average of $15.04 and a two-hundred day simple moving average of $16.59.

Insider Activity at Jamf

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 stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the sale, the insider now directly owns 187,438 shares of the company’s stock, valued at $3,103,973.28. This trade represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jamf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAMF. EVR Research LP lifted its holdings in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP increased its position in Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after acquiring an additional 982,764 shares during the period. Wellington Management Group LLP increased its position in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after acquiring an additional 565,008 shares during the period. Principal Financial Group Inc. boosted its holdings in Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares during the period. Finally, Crestwood Capital Management L.P. bought a new stake in Jamf in the 3rd quarter valued at about $3,470,000. 93.81% of the stock is owned by institutional investors.

Jamf Company Profile

(Get Free Report)

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.

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