Jamf (NASDAQ:JAMF) Sets New 1-Year Low – What’s Next?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.61 and last traded at $14.61, with a volume of 81091 shares. The stock had previously closed at $15.31.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JAMF shares. The Goldman Sachs Group started coverage on Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Morgan Stanley started coverage on Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Finally, Canaccord Genuity Group cut their price target on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Jamf Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a market cap of $1.87 billion, a P/E ratio of -27.84, a price-to-earnings-growth ratio of 7.54 and a beta of 0.41. The firm has a 50-day moving average price of $17.00 and a 200-day moving average price of $17.28.

Insiders Place Their Bets

In related news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the sale, the insider now owns 187,438 shares in the company, valued at $3,103,973.28. This represents a 3.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in shares of Jamf by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock valued at $233,000 after purchasing an additional 1,000 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Jamf by 73.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,663 shares of the company’s stock valued at $673,000 after acquiring an additional 14,712 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Jamf by 4.5% during the first quarter. Blair William & Co. IL now owns 251,051 shares of the company’s stock valued at $4,607,000 after purchasing an additional 10,825 shares during the last quarter. Vanguard Group Inc. lifted its position in Jamf by 1.8% during the first quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock valued at $135,923,000 after purchasing an additional 129,489 shares during the period. Finally, EntryPoint Capital LLC boosted its holdings in Jamf by 40.0% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after purchasing an additional 949 shares during the last quarter. 93.81% of the stock is 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.