Jamf’s (JAMF) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Jamf (NASDAQ:JAMF) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $21.00 target price on the stock.

Several other research analysts have also commented on the stock. Barclays dropped their price target on shares of Jamf from $20.00 to $18.00 and set an equal weight rating on the stock in a research note on Wednesday, February 28th. Needham & Company LLC reiterated a buy rating and issued a $25.00 target price on shares of Jamf in a research note on Wednesday, February 28th. Finally, Mizuho lowered their target price on shares of Jamf from $22.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Jamf has an average rating of Moderate Buy and a consensus target price of $23.67.

Jamf Stock Up 0.8 %

Shares of JAMF traded up $0.14 during mid-day trading on Thursday, hitting $17.89. 373,903 shares of the company’s stock were exchanged, compared to its average volume of 415,921. The firm has a fifty day moving average of $19.06 and a two-hundred day moving average of $17.72. Jamf has a twelve month low of $14.83 and a twelve month high of $22.89. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -20.10 and a beta of 0.51. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Insider Activity

In related news, insider Jason Wudi sold 15,000 shares of Jamf stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $18.77, for a total transaction of $281,550.00. Following the completion of the transaction, the insider now directly owns 327,599 shares of the company’s stock, valued at approximately $6,149,033.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Jamf news, insider Jason Wudi sold 15,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $18.77, for a total value of $281,550.00. Following the completion of the transaction, the insider now directly owns 327,599 shares of the company’s stock, valued at $6,149,033.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Linh Lam sold 1,677 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $20.00, for a total transaction of $33,540.00. Following the completion of the transaction, the insider now directly owns 151,943 shares of the company’s stock, valued at $3,038,860. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jamf

A number of institutional investors and hedge funds have recently modified their holdings of JAMF. Vanguard Group Inc. grew its holdings in Jamf by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 7,277,732 shares of the company’s stock valued at $131,436,000 after purchasing an additional 89,057 shares during the period. Wellington Management Group LLP grew its holdings in Jamf by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after purchasing an additional 462,257 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Jamf by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,528 shares of the company’s stock valued at $516,000 after purchasing an additional 1,992 shares during the period. Voloridge Investment Management LLC acquired a new position in Jamf during the fourth quarter valued at approximately $217,000. Finally, Prelude Capital Management LLC acquired a new position in Jamf during the fourth quarter valued at approximately $388,000. 95.11% of the stock is owned by institutional investors.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle. 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 Data Policy, a solution to enforce acceptable usage policies that keeps away from risky sites and content; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.