Jamf (NASDAQ:JAMF) Reaches New 52-Week Low – Time to Sell?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) hit a new 52-week low during trading on Thursday . The company traded as low as $12.80 and last traded at $12.81, with a volume of 9409 shares traded. The stock had previously closed at $12.95.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JAMF shares. Canaccord Genuity Group restated a “buy” rating and set a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. Royal Bank of Canada reduced their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Piper Sandler cut 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. JPMorgan Chase & Co. assumed coverage on shares of Jamf in a research report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and a consensus target price of $21.30.

Jamf Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $14.51 and a 200-day moving average of $15.40. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -23.44, a P/E/G ratio of 1.02 and a beta of 0.39.

Insider Buying and Selling at Jamf

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction that occurred on 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 approximately $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,618 shares of company stock worth $3,408,105 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quarry LP increased its holdings in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares in the last quarter. Blue Trust Inc. raised its holdings in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc grew its holdings in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after purchasing an additional 795 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after buying an additional 2,500 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Jamf during the 4th quarter worth $142,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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.