Jamf (NASDAQ:JAMF) Reaches New 1-Year Low – What’s Next?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) hit a new 52-week low on Friday . The stock traded as low as $13.25 and last traded at $13.14, with a volume of 239003 shares. The stock had previously closed at $13.81.

Wall Street Analyst Weigh In

JAMF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. Royal Bank of Canada decreased their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Barclays dropped their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Jamf has an average rating of “Moderate Buy” and an average price target of $21.70.

Jamf Price Performance

The company has a market capitalization of $1.74 billion, a P/E ratio of -24.42, a PEG ratio of 1.02 and a beta of 0.39. 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 business has a 50 day simple moving average of $14.74 and a 200-day simple moving average of $15.85.

Insider Activity at Jamf

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the sale, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its stake in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Jamf by 238.0% during 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. Venturi Wealth Management LLC lifted its holdings in 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 purchasing an additional 1,327 shares during the period. Versant Capital Management Inc grew 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 valued at $57,000 after buying an additional 795 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares during the period. 93.81% of the stock is currently 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.