Jamf Holding Corp. (NASDAQ:JAMF) Receives Average Recommendation of “N/A” from Analysts

Jamf Holding Corp. (NASDAQ:JAMF) has earned an average rating of “N/A” from the zero brokerages that are currently covering the stock, MarketBeat reports.

JAMF has been the subject of several recent research reports. Mizuho lowered their price target on shares of Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Barclays upped their price objective on shares of Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Jamf in a research report on Thursday, March 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Thursday, March 14th.

Jamf Stock Up 2.0 %

Jamf stock opened at $18.50 on Friday. The firm has a 50 day simple moving average of $18.57 and a 200 day simple moving average of $17.86. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -20.79 and a beta of 0.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 1-year low of $14.83 and a 1-year high of $22.89.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The firm had revenue of $150.65 million during the quarter, compared to analyst estimates of $148.34 million. On average, analysts predict that Jamf will post -0.03 earnings per share for the current year.

Insider Activity at Jamf

In other news, insider Linh Lam sold 1,677 shares of Jamf stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $20.00, for a total value of $33,540.00. Following the transaction, the insider now owns 151,943 shares of the company’s stock, valued at approximately $3,038,860. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Jason Wudi sold 33,830 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $17.89, for a total value of $605,218.70. Following the sale, the insider now directly owns 378,276 shares of the company’s stock, valued at approximately $6,767,357.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Linh Lam sold 1,677 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $20.00, for a total transaction of $33,540.00. Following the completion of the sale, the insider now directly owns 151,943 shares in the company, valued at $3,038,860. The disclosure for this sale can be found here. Insiders sold 179,835 shares of company stock worth $3,212,929 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jamf

A number of large investors have recently added to or reduced their stakes in JAMF. Norges Bank purchased a new stake in shares of Jamf in the fourth quarter valued at about $13,169,000. Woodline Partners LP boosted its stake in Jamf by 1,343.1% during the second quarter. Woodline Partners LP now owns 513,602 shares of the company’s stock worth $10,026,000 after buying an additional 478,012 shares during the period. Wellington Management Group LLP lifted its position in shares of Jamf by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after purchasing an additional 462,257 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Jamf by 49.6% during the second quarter. Geode Capital Management LLC now owns 1,215,960 shares of the company’s stock worth $23,736,000 after purchasing an additional 403,165 shares in the last quarter. Finally, Optimus Prime Fund Management Co. Ltd. lifted its position in shares of Jamf by 116.9% during the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock worth $12,732,000 after purchasing an additional 380,000 shares in the last quarter. 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.