JPMorgan Chase & Co. Begins Coverage on Jamf (NASDAQ:JAMF)

Research analysts at JPMorgan Chase & Co. began coverage on shares of Jamf (NASDAQ:JAMF) in a research note issued to investors on Thursday, Marketbeat reports. The brokerage set an “overweight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 28.70% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Piper Sandler lowered their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada dropped their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Barclays reduced their target price on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Jamf has a consensus rating of “Moderate Buy” and a consensus price target of $21.80.

Jamf Stock Performance

Shares of NASDAQ JAMF opened at $15.54 on Thursday. Jamf has a 1 year low of $13.40 and a 1 year high of $21.41. 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 stock has a fifty day moving average price of $14.77 and a two-hundred day moving average price of $16.27. The firm has a market cap of $1.98 billion, a P/E ratio of -28.25, a PEG ratio of 1.04 and a beta of 0.38.

Insider Activity

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm’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 sale, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Jamf

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its position in Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after acquiring an additional 1,387 shares in the last quarter. Quarry LP boosted its position in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Blue Trust Inc. grew 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 in 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.