Jamf (NASDAQ:JAMF) Receives “Buy” Rating from Needham & Company LLC

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Needham & Company LLC’s target price would indicate a potential upside of 81.69% from the stock’s previous close.

JAMF has been the subject of a number of other research reports. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Canaccord Genuity Group restated a “buy” rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Finally, Barclays reduced their target price on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.70.

Jamf Trading Up 0.6 %

Shares of Jamf stock opened at $13.76 on Tuesday. Jamf has a 1 year low of $13.30 and a 1 year high of $21.41. The company’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $15.96. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -25.02, a PEG ratio of 1.02 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

Insider Transactions at Jamf

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction dated 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 directly 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 insiders.

Institutional Trading of Jamf

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock worth $152,375,000 after acquiring an additional 841,239 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Jamf by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock worth $123,030,000 after purchasing an additional 114,036 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after buying an additional 409,531 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Jamf by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock valued at $29,242,000 after buying an additional 167,909 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after buying an additional 134,314 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.