Jamf (NASDAQ:JAMF) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Jamf (NASDAQ:JAMF) in a research report report published on Thursday morning, Benzinga reports. They currently have a $25.00 target price on the stock.

A number of other research firms have also recently issued reports on JAMF. Mizuho dropped their price target on shares of Jamf from $22.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, February 28th. Barclays dropped their price target on Jamf from $20.00 to $18.00 and set an equal weight rating for the company in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada restated an outperform rating and issued a $21.00 price target on shares of Jamf in a research report on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $23.67.

Jamf Stock Performance

JAMF traded up $0.14 during midday trading on Thursday, hitting $17.89. 373,903 shares of the company were exchanged, compared to its average volume of 415,921. The company’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $17.72. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -20.10 and a beta of 0.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf has a 1-year low of $14.83 and a 1-year high of $22.89.

Insider Activity

In other Jamf news, insider Linh Lam sold 1,677 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $20.00, for a total transaction of $33,540.00. Following the completion of the transaction, the insider now owns 151,943 shares of the company’s stock, valued at $3,038,860. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Jamf news, insider Jason Wudi sold 15,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $18.77, for a total transaction of $281,550.00. Following the sale, the insider now directly owns 327,599 shares in the company, valued at $6,149,033.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linh Lam sold 1,677 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $20.00, for a total transaction of $33,540.00. Following the completion of the transaction, the insider now directly owns 151,943 shares of the company’s stock, valued at approximately $3,038,860. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently added to or reduced their stakes in JAMF. Norges Bank acquired a new stake in Jamf in the 4th quarter valued at about $13,169,000. Woodline Partners LP raised its stake in Jamf by 1,343.1% during the 2nd quarter. Woodline Partners LP now owns 513,602 shares of the company’s stock worth $10,026,000 after acquiring an additional 478,012 shares in the last quarter. Wellington Management Group LLP raised its stake in Jamf by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Jamf by 49.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,215,960 shares of the company’s stock valued at $23,736,000 after acquiring an additional 403,165 shares during the period. Finally, Optimus Prime Fund Management Co. Ltd. increased its holdings in shares of Jamf by 116.9% in the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock valued at $12,732,000 after acquiring an additional 380,000 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle. 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 Data Policy, a solution to enforce acceptable usage policies that keeps away from risky sites and content; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.