Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Update

Jamf Holding Corp. (NASDAQ:JAMF) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 3,310,000 shares, a drop of 8.8% from the October 15th total of 3,630,000 shares. Based on an average daily volume of 410,100 shares, the short-interest ratio is currently 8.1 days. Approximately 5.7% of the shares of the company are short sold.

Insider Transactions at Jamf

In other news, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Jamf by 1.8% during the first quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock worth $135,923,000 after acquiring an additional 129,489 shares in the last quarter. 272 Capital LP raised its position in Jamf by 41.4% in the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after purchasing an additional 44,486 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in Jamf in the first quarter worth $1,203,000. Marshall Wace LLP boosted its position in Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after buying an additional 982,764 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Jamf during the second quarter valued at about $1,101,000. Institutional investors own 93.81% of the company’s stock.

Jamf Trading Down 3.1 %

NASDAQ JAMF opened at $14.84 on Monday. The stock’s 50-day simple moving average is $16.95 and its two-hundred day simple moving average is $17.21. Jamf has a twelve month low of $14.47 and a twelve month high of $21.41. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.98, a PEG ratio of 6.35 and a beta of 0.41.

Analysts Set New Price Targets

Several research analysts have commented on JAMF shares. Morgan Stanley began coverage on Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Canaccord Genuity Group decreased their target price on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Finally, The Goldman Sachs Group assumed coverage on Jamf in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.75.

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.