Jamf Holding Corp. (NASDAQ:JAMF) Receives Consensus Recommendation of “N/A” from Analysts

Jamf Holding Corp. (NASDAQ:JAMF) has earned a consensus recommendation of “N/A” from the zero brokerages that are currently covering the firm, Marketbeat Ratings reports.

A number of research firms have recently commented on JAMF. The Goldman Sachs Group started coverage on Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective 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. Morgan Stanley assumed coverage on shares of Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research note on Tuesday, October 1st.

Jamf Stock Performance

NASDAQ:JAMF opened at $14.59 on Thursday. The firm has a market capitalization of $1.86 billion, a PE ratio of -26.53, a PEG ratio of 6.47 and a beta of 0.36. 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 $14.02 and a 1 year high of $21.41. The firm’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $16.71.

Insider Activity

In other 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 sale, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock valued at $173,569,000 after acquiring an additional 565,008 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 15,946 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 last quarter. EVR Research LP boosted its position in Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after buying an additional 1,160,000 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying 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.