JPMorgan Chase & Co. Reaffirms Neutral Rating for Jamf (NASDAQ:JAMF)

Jamf (NASDAQ:JAMF)‘s stock had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $13.00 target price on the stock, up from their prior target price of $12.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 1.25% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Jamf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Canaccord Genuity Group downgraded shares of Jamf from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $13.05 in a report on Wednesday, October 29th. Morgan Stanley lowered their target price on shares of Jamf from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, September 2nd. Mizuho downgraded shares of Jamf from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Barclays lowered their target price on shares of Jamf from $15.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, July 21st.

Jamf Trading Down 0.2%

NASDAQ:JAMF opened at $12.84 on Monday. The firm’s fifty day moving average is $10.56 and its 200-day moving average is $9.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.45. Jamf has a 52 week low of $7.09 and a 52 week high of $18.00. The firm has a market cap of $1.69 billion, a P/E ratio of -32.92, a P/E/G ratio of 2.81 and a beta of 0.43.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The company had revenue of $176.50 million for the quarter, compared to analyst estimates of $168.58 million. During the same period in the prior year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Jamf will post 0.05 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Jamf

Several hedge funds have recently bought and sold shares of JAMF. Goldman Sachs Group Inc. increased its stake in shares of Jamf by 14.3% in the first quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company’s stock worth $6,723,000 after buying an additional 69,414 shares during the period. Caxton Associates LLP purchased a new position in shares of Jamf in the first quarter worth $328,000. Assenagon Asset Management S.A. purchased a new position in shares of Jamf in the second quarter worth $322,000. Crestwood Capital Management L.P. increased its stake in shares of Jamf by 37.5% in the first quarter. Crestwood Capital Management L.P. now owns 275,000 shares of the company’s stock worth $3,341,000 after buying an additional 75,000 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Jamf in the first quarter worth $256,000. 93.81% of the stock is currently 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 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.