Jamf (NASDAQ:JAMF) Reaches New 52-Week Low – Time to Sell?

Jamf Holding Corp. (NASDAQ:JAMF) reached a new 52-week low during trading on Wednesday . The company traded as low as $13.82 and last traded at $13.86, with a volume of 12436 shares trading hands. The stock had previously closed at $14.17.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JAMF shares. Morgan Stanley began coverage on Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a report on Friday, October 4th. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.78.

Jamf Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50 day moving average price is $15.04 and its 200 day moving average price is $16.59. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -25.69, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37.

Insider Activity at Jamf

In other Jamf 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 completion of the transaction, the insider now owns 187,438 shares of the company’s stock, valued at $3,103,973.28. This represents a 3.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

A number of institutional investors have recently added to or reduced their stakes in the stock. EVR Research LP lifted its holdings in shares of Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after acquiring an additional 1,160,000 shares during the period. Marshall Wace LLP boosted its position in Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after buying an additional 982,764 shares in the last quarter. Wellington Management Group LLP grew 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. Principal Financial Group Inc. increased its holdings in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after buying an additional 306,558 shares in the last quarter. Finally, Crestwood Capital Management L.P. bought a new position in shares of Jamf in the third quarter valued at approximately $3,470,000. 93.81% of the stock is 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 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.