Jamf (NASDAQ:JAMF) Now Covered by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Jamf (NASDAQ:JAMF) in a research note published on Tuesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $16.00 target price on the stock.

A number of other brokerages also recently issued reports on JAMF. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. William Blair reiterated an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Canaccord Genuity Group reissued 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 dropped their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Barclays dropped their target price on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.30.

Jamf Trading Down 1.7 %

Shares of Jamf stock opened at $13.42 on Tuesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 1.02 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 12-month low of $12.90 and a 12-month high of $21.41. The firm’s 50-day moving average price is $14.58 and its two-hundred day moving average price is $15.55.

Insider Activity at Jamf

In other news, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. This trade represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,367 shares of company stock worth $1,732,453 in the last quarter. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its position 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 worth $57,000 after purchasing an additional 795 shares during the period. Centiva Capital LP lifted its position in shares of Jamf by 4.1% in the 4th quarter. Centiva Capital LP now owns 22,543 shares of the company’s stock worth $317,000 after purchasing an additional 898 shares during the period. Assetmark Inc. increased its stake in shares of Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after acquiring an additional 1,387 shares in the last quarter. Quarry LP increased its stake in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Jamf by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,565 shares of the company’s stock valued at $654,000 after acquiring an additional 1,754 shares in the last quarter. Institutional investors and hedge funds 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.