Jamf (NASDAQ:JAMF) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Jamf (NASDAQ:JAMF) in a research note published on Wednesday morning,Benzinga reports. They currently have a $21.00 target price on the stock.

Several other equities research analysts also recently issued reports on JAMF. Piper Sandler cut their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Barclays lowered their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. assumed coverage on Jamf in a research note on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price for the company. Royal Bank of Canada lowered their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, January 21st. Three investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $21.80.

Jamf Price Performance

JAMF stock opened at $14.77 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.89 billion, a PE ratio of -26.85, a P/E/G ratio of 1.02 and a beta of 0.38. Jamf has a 12-month low of $13.40 and a 12-month high of $21.41. The business’s fifty day moving average price is $14.83 and its 200 day moving average price is $16.04.

Insider Transactions at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction 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 represents a 9.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JAMF. International Assets Investment Management LLC boosted its position in shares of Jamf by 1,635.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,069 shares of the company’s stock worth $192,000 after acquiring an additional 10,431 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of Jamf in the 3rd quarter valued at about $237,000. Assetmark Inc. lifted its holdings in shares of Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Jamf by 57.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after purchasing an additional 1,327 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

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.