Jamf (NASDAQ:JAMF) Reaches New 12-Month Low – Here’s What Happened

Jamf Holding Corp. (NASDAQ:JAMF)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $13.82 and last traded at $13.86, with a volume of 12436 shares. The stock had previously closed at $14.17.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Friday, October 4th. Morgan Stanley started coverage on Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price on the stock. Finally, Piper Sandler reduced their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Jamf Stock Down 0.3 %

The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -25.69, a P/E/G ratio of 6.33 and a beta of 0.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average is $15.04 and its 200-day moving average is $16.59.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 7,702 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the transaction, the insider now owns 187,438 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Several institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc boosted 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 purchasing an additional 795 shares during the period. Venturi Wealth Management LLC grew its position in shares of Jamf by 57.1% during 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 during the last quarter. Assetmark Inc. raised its stake in Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after acquiring an additional 1,387 shares during the period. Quarry LP lifted its holdings in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after acquiring an additional 1,405 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in 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 acquiring an additional 3,154 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Company Profile

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.