Short Interest in Jamf Holding Corp. (NASDAQ:JAMF) Drops By 21.4%

Jamf Holding Corp. (NASDAQ:JAMF) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,240,000 shares, a decrease of 21.4% from the January 15th total of 2,850,000 shares. Approximately 3.8% of the company’s shares are sold short. Based on an average daily volume of 604,600 shares, the short-interest ratio is presently 3.7 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday, January 21st. JPMorgan Chase & Co. initiated coverage on Jamf in a research report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 target price on the stock. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Barclays dropped their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.80.

Insider Activity

In related news, CAO Anthony Grabenau sold 3,706 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now directly owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Jamf

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Vanguard Group Inc. boosted its stake in Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after purchasing an additional 114,036 shares during the period. Clearbridge Investments LLC boosted its stake in Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after purchasing an additional 409,531 shares during the period. Dimensional Fund Advisors LP boosted its stake in Jamf by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock valued at $29,242,000 after purchasing an additional 167,909 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Jamf by 8.3% during the 3rd 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. Institutional investors own 93.81% of the company’s stock.

Jamf Stock Down 1.9 %

Shares of JAMF traded down $0.30 during trading hours on Monday, hitting $15.66. 379,111 shares of the company were exchanged, compared to its average volume of 578,439. The firm’s 50 day moving average is $14.81 and its 200-day moving average is $16.12. Jamf has a 52 week low of $13.40 and a 52 week high of $21.41. The company has a market cap of $2.00 billion, a PE ratio of -28.47, a PEG ratio of 1.10 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

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.