Jamf (NASDAQ:JAMF) Sets New 12-Month Low – Should You Sell?

Jamf Holding Corp. (NASDAQ:JAMF)’s stock price reached a new 52-week low on Monday . The company traded as low as $13.84 and last traded at $13.88, with a volume of 32059 shares traded. The stock had previously closed at $14.26.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target for the company. Morgan Stanley initiated coverage on shares of Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jamf currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Jamf Price Performance

The firm has a 50-day simple moving average of $15.39 and a 200-day simple moving average of $16.66. The firm has a market capitalization of $1.79 billion, a PE ratio of -25.54, a PEG ratio of 6.33 and a beta of 0.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Insider Transactions at Jamf

In other news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 187,438 shares in the company, valued at $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 available at this link. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP raised its stake in shares of Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after buying an additional 1,405 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares during the period. Assetmark Inc. grew its position in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Jamf during the 2nd quarter valued at approximately $81,000. Finally, Sandia Investment Management LP purchased a new position in Jamf in the 2nd quarter worth approximately $82,000. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

About Jamf

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.