Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Update

Jamf Holding Corp. (NASDAQ:JAMF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 3,120,000 shares, an increase of 8.3% from the June 15th total of 2,880,000 shares. Based on an average daily volume of 692,600 shares, the short-interest ratio is presently 4.5 days. Approximately 5.3% of the company’s stock are sold short.

Insiders Place Their Bets

In other Jamf news, CFO Ian Goodkind sold 5,580 shares of Jamf stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $15.48, for a total value of $86,378.40. Following the completion of the sale, the chief financial officer now owns 239,119 shares of the company’s stock, valued at approximately $3,701,562.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Dean Hager sold 30,442 shares of Jamf stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $15.46, for a total value of $470,633.32. Following the completion of the sale, the director now owns 339,639 shares of the company’s stock, valued at $5,250,818.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ian Goodkind sold 5,580 shares of Jamf stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $15.48, for a total value of $86,378.40. Following the completion of the sale, the chief financial officer now directly owns 239,119 shares of the company’s stock, valued at approximately $3,701,562.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,076 shares of company stock valued at $2,310,855. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

A number of institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in Jamf in the 4th quarter valued at about $13,169,000. Wellington Management Group LLP lifted its stake in Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after buying an additional 462,257 shares in the last quarter. Kopp LeRoy C purchased a new position in Jamf in the 1st quarter valued at about $7,385,000. Optimus Prime Fund Management Co. Ltd. lifted its stake in 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 buying an additional 380,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Jamf by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock valued at $29,554,000 after buying an additional 265,040 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on JAMF shares. Canaccord Genuity Group lifted their target price on Jamf from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Mizuho lifted their target price on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, June 4th. Finally, Royal Bank of Canada lifted their target price on Jamf from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.14.

Jamf Trading Up 0.5 %

Shares of NASDAQ JAMF traded up $0.09 during trading hours on Wednesday, reaching $18.77. The stock had a trading volume of 145,063 shares, compared to its average volume of 545,515. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -22.15, a P/E/G ratio of 32.40 and a beta of 0.41. The business’s fifty day moving average price is $16.68 and its two-hundred day moving average price is $18.06. Jamf has a 52-week low of $14.68 and a 52-week high of $22.89.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $152.12 million during the quarter, compared to analyst estimates of $149.21 million. Jamf had a negative return on equity of 4.86% and a negative net margin of 18.33%. Jamf’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Analysts expect that Jamf will post 0.01 EPS for the current fiscal year.

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.