Jamf (NASDAQ:JAMF) Sees Strong Trading Volume – Should You Buy?

Jamf Holding Corp. (NASDAQ:JAMF) shares saw an uptick in trading volume on Thursday . 4,677,598 shares were traded during mid-day trading, an increase of 204% from the previous session’s volume of 1,536,729 shares.The stock last traded at $12.8750 and had previously closed at $12.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jamf in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $13.00 target price (up from $12.00) on shares of Jamf in a research report on Monday, November 3rd. Mizuho lowered shares of Jamf from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. JMP Securities cut their price target on shares of Jamf from $27.00 to $18.00 and set a “market outperform” rating for the company in a research note on Friday, August 8th. Finally, Canaccord Genuity Group downgraded Jamf from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $13.05 in a report on Wednesday, October 29th.

Jamf Stock Up 0.0%

The company has a market cap of $1.72 billion, a P/E ratio of -33.01, a PEG ratio of 2.81 and a beta of 0.41. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of $11.35 and a 200 day moving average price of $10.05.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The business had revenue of $183.49 million for the quarter, compared to the consensus estimate of $177.15 million. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Equities research analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other Jamf news, CEO John Strosahl sold 43,650 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $9.88, for a total transaction of $431,262.00. Following the completion of the sale, the chief executive officer directly owned 1,480,451 shares of the company’s stock, valued at approximately $14,626,855.88. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Linh Lam sold 3,210 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $9.95, for a total transaction of $31,939.50. Following the completion of the transaction, the insider owned 250,308 shares in the company, valued at $2,490,564.60. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Jamf

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Jamf by 10.0% during the third quarter. Vanguard Group Inc. now owns 9,787,988 shares of the company’s stock worth $104,731,000 after buying an additional 885,859 shares during the last quarter. Sunriver Management LLC increased its stake in Jamf by 46.9% in the second quarter. Sunriver Management LLC now owns 4,519,582 shares of the company’s stock valued at $42,981,000 after purchasing an additional 1,441,908 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Jamf by 133.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company’s stock worth $13,023,000 after purchasing an additional 781,968 shares during the period. Marshall Wace LLP boosted its position in shares of Jamf by 181.7% during the second quarter. Marshall Wace LLP now owns 1,366,919 shares of the company’s stock worth $12,999,000 after purchasing an additional 881,745 shares in the last quarter. Finally, Invenomic Capital Management LP grew its holdings in shares of Jamf by 274.8% in the 3rd quarter. Invenomic Capital Management LP now owns 1,204,461 shares of the company’s stock valued at $12,888,000 after buying an additional 883,077 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

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.