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

Jamf Holding Corp. (NASDAQ:JAMF)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $11.72 and last traded at $11.88, with a volume of 182069 shares traded. The stock had previously closed at $12.65.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JAMF. Barclays decreased their price objective on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Royal Bank of Canada decreased their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price on the stock. Piper Sandler lowered their price objective on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley began coverage on shares of Jamf in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

Jamf Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day simple moving average of $14.18 and a 200-day simple moving average of $15.16. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -19.64, a PEG ratio of 1.02 and a beta of 0.43.

Insiders Place Their Bets

In related news, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. The trade was a 15.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 252,618 shares of company stock worth $3,408,105. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jamf

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP lifted its stake in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the period. Blue Trust Inc. increased its stake in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc lifted its position in Jamf by 24.5% during the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares during the period. Canada Pension Plan Investment Board boosted its stake in Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after buying an additional 2,500 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Jamf in the 4th quarter valued at about $142,000. 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.