William Blair Reaffirms Outperform Rating for Jamf (NASDAQ:JAMF)

William Blair reissued their outperform rating on shares of Jamf (NASDAQ:JAMF) in a report published on Friday,RTT News reports.

A number of other research firms have also weighed in on JAMF. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, January 21st. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Barclays reduced their price objective on Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday. Finally, Royal Bank of Canada reduced their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.70.

Jamf Trading Down 7.1 %

JAMF opened at $13.68 on Friday. The firm 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. 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 business has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $16.01. Jamf has a one year low of $13.30 and a one year high of $21.41.

Insider Activity at Jamf

In other news, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was 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 in the company, valued at $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently made changes to their positions in JAMF. Crestwood Capital Management L.P. bought a new stake in Jamf during the third quarter worth approximately $3,470,000. Franklin Resources Inc. boosted its holdings in shares of Jamf by 8.0% in the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after purchasing an additional 38,429 shares during the period. 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 lifted its holdings in Jamf by 213.4% during the third quarter. Atom Investors LP now owns 132,036 shares of the company’s stock worth $2,291,000 after buying an additional 89,901 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Jamf by 54.0% during 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 during the last quarter. 93.81% of the stock is currently owned by hedge funds and other 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.