Jamf’s (JAMF) “Buy” Rating Reiterated at Canaccord Genuity Group

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 42.30% from the company’s current price.

Several other analysts also recently commented on the stock. Piper Sandler reduced 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. Barclays decreased their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. 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 report on Tuesday, January 21st. JPMorgan Chase & Co. initiated coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.80.

Jamf Stock Up 0.6 %

Shares of NASDAQ JAMF traded up $0.09 during trading hours on Wednesday, hitting $14.76. The company had a trading volume of 110,715 shares, compared to its average volume of 550,809. Jamf has a 1-year low of $13.40 and a 1-year high of $21.41. The stock has a market capitalization of $1.88 billion, a P/E ratio of -26.85, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38. The firm’s 50 day moving average is $14.83 and its 200-day moving average is $16.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Insider Activity at Jamf

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

Hedge Funds Weigh In On Jamf

A number of institutional investors have recently made changes to their positions in JAMF. Crestwood Capital Management L.P. bought a new position in Jamf during the third quarter valued at approximately $3,470,000. Franklin Resources Inc. grew 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 acquiring an additional 38,429 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares during the period. Atom Investors LP increased its stake in shares of Jamf by 213.4% during the third quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after buying an additional 89,901 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Jamf by 54.0% in the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock valued at $409,000 after purchasing an additional 10,199 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

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.