Jamf (NASDAQ:JAMF) Price Target Lowered to $17.00 at Barclays

Jamf (NASDAQ:JAMF) had its target price reduced by investment analysts at Barclays from $20.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 22.74% from the stock’s previous close.

Several other analysts have also issued reports on JAMF. Piper Sandler reduced their price target on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday. 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. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Friday, October 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.44.

Jamf Price Performance

JAMF traded down $0.28 on Friday, hitting $13.85. 175,418 shares of the stock were exchanged, compared to its average volume of 406,722. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf has a 12 month low of $13.55 and a 12 month high of $21.41. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -25.18, a PEG ratio of 6.33 and a beta of 0.37. The business has a 50-day moving average of $15.04 and a two-hundred day moving average of $16.59.

Insider Transactions at Jamf

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

Hedge Funds Weigh In On Jamf

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after buying an additional 565,008 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Jamf by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock worth $30,216,000 after acquiring an additional 15,946 shares during the period. Geode Capital Management LLC raised its position in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after acquiring an additional 134,314 shares in the last quarter. EVR Research LP lifted its stake in shares of Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after purchasing an additional 1,160,000 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares in the last quarter. Institutional investors 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.