Jamf (NASDAQ:JAMF) Price Target Lowered to $14.00 at Morgan Stanley

Jamf (NASDAQ:JAMF) had its price target reduced by equities research analysts at Morgan Stanley from $16.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 29.39% from the stock’s previous close.

JAMF has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Barclays decreased their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Finally, William Blair reissued an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and a consensus price target of $19.90.

Jamf Stock Performance

Shares of Jamf stock opened at $10.82 on Wednesday. The business’s fifty day simple moving average is $13.19 and its 200-day simple moving average is $14.65. 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 firm has a market cap of $1.40 billion, a PE ratio of -19.67, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43. Jamf has a 52 week low of $9.95 and a 52 week high of $21.41.

Insider Buying and Selling at Jamf

In related news, CEO John Strosahl sold 56,170 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total transaction of $763,350.30. Following the sale, the chief executive officer now directly owns 1,540,226 shares in the company, valued at approximately $20,931,671.34. This represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of Jamf stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now owns 57,946 shares of the company’s stock, valued at $788,065.60. This represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,912 shares of company stock valued at $3,355,739 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

A number of hedge funds and other institutional investors have recently bought and sold shares of JAMF. Wellington Management Group LLP raised its position in shares of 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 in the last quarter. Vanguard Group Inc. raised its holdings in 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 in the last quarter. Clearbridge Investments LLC lifted its position in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock worth $34,211,000 after buying an additional 409,531 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Jamf by 8.8% in the 4th 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 in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Jamf by 8.3% in the 3rd 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 last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.