JPMorgan Chase & Co. Initiates Coverage on Jamf (NASDAQ:JAMF)

JPMorgan Chase & Co. began coverage on shares of Jamf (NASDAQ:JAMF) in a report issued on Thursday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $20.00 price objective on the stock.

Several other equities analysts have also recently weighed in on JAMF. Morgan Stanley began coverage on Jamf in a research note on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research report 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 for the company in a research report on Monday, January 6th. Barclays dropped their target price on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada reduced their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.80.

Jamf Stock Up 3.2 %

Shares of Jamf stock opened at $15.95 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf has a 52 week low of $13.40 and a 52 week high of $21.41. The business has a 50 day moving average price of $14.75 and a 200-day moving average price of $16.27.

Insider Transactions at Jamf

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

Institutional Investors Weigh In On Jamf

Several institutional investors have recently made changes to their positions in the stock. Crestwood Capital Management L.P. bought a new stake in shares of Jamf during the 3rd quarter valued at $3,470,000. Franklin Resources Inc. grew its holdings in Jamf by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after buying an additional 38,429 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after buying an additional 134,314 shares during the period. Atom Investors LP lifted its holdings in shares of Jamf by 213.4% in the third quarter. Atom Investors LP now owns 132,036 shares of the company’s stock worth $2,291,000 after buying an additional 89,901 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after acquiring an additional 306,558 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.