By otakuyassine3@gmail.com 
Morgan Stanley assumed coverage on shares of Jamf (NASDAQ:JAMF – Get Free Report) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “equal weight” rating and a $16.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 17.22% from the company’s previous close.
JAMF has been the subject of several other reports. Canaccord Genuity Group restated a “buy” rating and issued a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Barclays cut their target price on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective on the stock. Piper Sandler lowered their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.
View Our Latest Stock Analysis on Jamf
Jamf Stock Performance
Shares of Jamf stock opened at $13.65 on Tuesday. The company has a 50 day moving average of $14.59 and a 200-day moving average of $15.56. The company has a market cap of $1.77 billion, a PE ratio of -24.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. Jamf has a 1-year low of $12.90 and a 1-year high of $21.41. 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 Buying and Selling at Jamf
In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction that occurred on Thursday, January 16th. The shares were 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 $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now owns 487,810 shares of the company’s stock, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,367 shares of company stock worth $1,732,453 over the last three months. 2.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Quarry LP raised its stake in shares of Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $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 worth $50,000 after acquiring an additional 2,523 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after buying an additional 795 shares during the period. Assetmark Inc. increased its stake in shares of Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after buying an additional 1,387 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after buying an additional 2,500 shares during the period. 93.81% of the stock is owned by hedge funds and other 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.
Read More
Receive News & Ratings for Jamf Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Jamf and related companies with MarketBeat.com’s FREE daily email newsletter.