Jamf (NASDAQ:JAMF) Price Target Cut to $16.00 by Analysts at Barclays

Jamf (NASDAQ:JAMF) had its price objective reduced by Barclays from $17.00 to $16.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

JAMF has been the subject of several other research reports. JPMorgan Chase & Co. started coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price for the company. Piper Sandler cut their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Jamf in a research note on Friday. Canaccord Genuity Group restated a “buy” rating and issued a $21.00 price target on shares of Jamf in a report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.70.

Jamf Trading Down 7.1 %

Shares of JAMF stock opened at $13.68 on Friday. The firm has a 50-day moving average price of $14.81 and a 200 day moving average price of $16.01. Jamf has a twelve month low of $13.30 and a twelve month high of $21.41. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -24.87, 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 Activity

In other news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Large investors have recently added to or reduced their stakes in the company. Quarry LP lifted its stake in Jamf by 130.9% during the third 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 last quarter. Blue Trust Inc. lifted its stake in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 purchasing an additional 795 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

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.