Barclays Lowers Jamf (NASDAQ:JAMF) Price Target to $13.00

Jamf (NASDAQ:JAMF) had its price objective reduced by analysts at Barclays from $16.00 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 24.71% from the stock’s current price.

Several other equities research analysts have also commented on JAMF. Piper Sandler reduced their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Royal Bank of Canada cut 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.60.

Jamf Stock Performance

Shares of NASDAQ JAMF traded down $0.40 during midday trading on Monday, hitting $10.42. 64,845 shares of the stock traded hands, compared to its average volume of 599,328. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf has a one year low of $9.95 and a one year high of $21.41. The firm has a market capitalization of $1.35 billion, a P/E ratio of -18.95, a PEG ratio of 1.02 and a beta of 0.43. The firm has a 50-day moving average of $13.09 and a two-hundred day moving average of $14.58.

Insider Buying and Selling at Jamf

In related news, CAO Anthony Grabenau sold 9,701 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares of the company’s stock, valued at approximately $788,065.60. This trade represents a 14.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth Benz sold 57,380 shares of Jamf stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total transaction of $780,368.00. Following the completion of the sale, the insider now owns 358,775 shares in the company, valued at approximately $4,879,340. This represents a 13.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 248,912 shares of company stock valued at $3,355,739 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Jamf

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Jamf by 12.3% in the third quarter. Barclays PLC now owns 201,473 shares of the company’s stock worth $3,495,000 after purchasing an additional 22,032 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after buying an additional 134,314 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of 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 last quarter. Principal Financial Group Inc. raised its position in shares of Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after acquiring an additional 795 shares during 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.