JPMorgan Chase & Co. Issues Pessimistic Forecast for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF) had its price target cut by JPMorgan Chase & Co. from $18.00 to $15.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently commented on JAMF. Canaccord Genuity Group reiterated a “buy” rating and issued a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Morgan Stanley reduced their price objective on Jamf from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Jamf in a research report on Friday, February 28th. Finally, Piper Sandler decreased their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and a consensus price target of $19.90.

Jamf Trading Down 1.5 %

Jamf stock opened at $10.82 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average price is $13.19 and its 200-day moving average price is $14.65. Jamf has a 1 year low of $9.95 and a 1 year high of $21.41. The stock has a market cap of $1.40 billion, a P/E ratio of -19.67, a PEG ratio of 1.02 and a beta of 0.43.

Insiders Place Their Bets

In other news, Director Dean Hager sold 36,864 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the sale, the director now directly owns 302,775 shares in the company, valued at approximately $4,048,101.75. This represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock valued at $3,355,739 over the last three months. 2.30% of the stock is owned by company insiders.

Institutional Trading of Jamf

Several institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after buying an additional 38,429 shares during the period. Geode Capital Management LLC increased its position in shares of Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after acquiring an additional 134,314 shares during the period. SG Americas Securities LLC raised its stake in shares of Jamf by 54.0% during the fourth quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock valued at $409,000 after acquiring an additional 10,199 shares in the last quarter. Versant Capital Management Inc grew its stake in 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 purchasing an additional 795 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in Jamf during the 4th quarter worth $231,000. 93.81% of the stock is currently owned by institutional investors.

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.