Jamf’s (JAMF) Market Perform Rating Reiterated at Citizens Jmp

Jamf (NASDAQ:JAMF)‘s stock had its “market perform” rating reissued by equities researchers at Citizens Jmp in a research note issued on Wednesday,Benzinga reports.

A number of other equities research analysts have also weighed in on JAMF. Wall Street Zen lowered shares of Jamf from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jamf in a research note on Wednesday, October 8th. Needham & Company LLC lowered Jamf from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of Jamf in a report on Monday, November 3rd. Finally, Zacks Research upgraded Jamf from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th.

Jamf Trading Up 0.0%

Jamf stock traded up $0.01 during midday trading on Wednesday, reaching $12.98. The stock had a trading volume of 2,876,259 shares, compared to its average volume of 1,581,384. Jamf has a 52-week low of $7.09 and a 52-week high of $16.16. The company has a fifty day moving average of $11.70 and a 200 day moving average of $10.13. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -40.55, a price-to-earnings-growth ratio of 2.54 and a beta of 0.46. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.48.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. Jamf had a positive return on equity of 4.43% and a negative net margin of 5.98%.The firm had revenue of $183.49 million for the quarter, compared to the consensus estimate of $177.15 million. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts anticipate that Jamf will post 0.05 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Linh Lam sold 3,210 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $9.95, for a total value of $31,939.50. Following the transaction, the insider owned 250,308 shares in the company, valued at approximately $2,490,564.60. This represents a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Strosahl sold 43,650 shares of Jamf stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $9.88, for a total transaction of $431,262.00. Following the sale, the chief executive officer owned 1,480,451 shares of the company’s stock, valued at approximately $14,626,855.88. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in Jamf during the 3rd quarter worth about $57,000. Tower Research Capital LLC TRC boosted its stake in shares of Jamf by 210.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company’s stock worth $74,000 after buying an additional 5,311 shares during the last quarter. Quarry LP grew its holdings in Jamf by 148.7% during the first quarter. Quarry LP now owns 6,505 shares of the company’s stock worth $79,000 after acquiring an additional 3,889 shares during the period. Covestor Ltd raised its position in Jamf by 775.1% during the third quarter. Covestor Ltd now owns 7,465 shares of the company’s stock valued at $79,000 after acquiring an additional 6,612 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in Jamf in the second quarter valued at approximately $97,000. Hedge funds and other 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.