Barclays Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF) had its price target decreased by Barclays from $17.00 to $16.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

JAMF has been the topic of a number of other reports. JPMorgan Chase & Co. initiated coverage on Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price on the stock. Piper Sandler cut their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. William Blair restated an “outperform” rating on shares of Jamf in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada cut their price objective on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.70.

Jamf Stock Performance

JAMF stock opened at $13.68 on Friday. 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 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. Jamf has a 1 year low of $13.30 and a 1 year high of $21.41. The stock’s fifty day moving average is $14.81 and its two-hundred day moving average is $16.01.

Insider Buying and Selling

In related news, CAO Anthony Grabenau sold 3,706 shares of Jamf 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 transaction, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at $473,058.27. The trade was a 9.97 % 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. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings 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 acquiring an additional 795 shares during the period. Centiva Capital LP grew its holdings in Jamf by 4.1% during the fourth quarter. Centiva Capital LP now owns 22,543 shares of the company’s stock worth $317,000 after acquiring an additional 898 shares during the period. Venturi Wealth Management LLC increased its stake in Jamf by 57.1% in the 3rd 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 in the last quarter. Assetmark Inc. increased its stake in Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Quarry LP increased its stake in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares in the last quarter. 93.81% of the stock is 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.