Jamf (NASDAQ:JAMF) Price Target Raised to $22.00

Jamf (NASDAQ:JAMF) had its price objective upped by Mizuho from $21.00 to $22.00 in a research report report published on Thursday, Benzinga reports. Mizuho currently has a buy rating on the stock.

JAMF has been the subject of several other research reports. Barclays raised their price target on Jamf from $18.00 to $20.00 and gave the company an equal weight rating in a report on Thursday, March 14th. Royal Bank of Canada reaffirmed an outperform rating and set a $21.00 price target on shares of Jamf in a report on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $25.00 price target on shares of Jamf in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $24.14.

Jamf Stock Down 2.2 %

Shares of NASDAQ:JAMF traded down $0.44 during midday trading on Thursday, hitting $19.51. The stock had a trading volume of 477,925 shares, compared to its average volume of 483,292. Jamf has a 12 month low of $14.83 and a 12 month high of $22.89. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $18.53 and its 200-day simple moving average is $18.23. The company has a market cap of $2.51 billion, a P/E ratio of -22.95 and a beta of 0.47.

Jamf (NASDAQ:JAMF) last released its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Jamf had a negative net margin of 18.33% and a negative return on equity of 4.86%. The business had revenue of $152.12 million during the quarter, compared to analysts’ expectations of $149.21 million. During the same period last year, the business earned ($0.08) earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that Jamf will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at Jamf

In other news, CFO Ian Goodkind sold 51,439 shares of Jamf stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $20.07, for a total transaction of $1,032,380.73. Following the completion of the sale, the chief financial officer now owns 244,699 shares of the company’s stock, valued at $4,911,108.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dean Hager sold 73,730 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $17.76, for a total value of $1,309,444.80. Following the completion of the transaction, the director now owns 385,665 shares of the company’s stock, valued at $6,849,410.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ian Goodkind sold 51,439 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $20.07, for a total value of $1,032,380.73. Following the completion of the transaction, the chief financial officer now directly owns 244,699 shares of the company’s stock, valued at approximately $4,911,108.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 239,323 shares of company stock valued at $4,393,336. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JAMF. Raymond James & Associates raised its stake in Jamf by 2.8% in the third quarter. Raymond James & Associates now owns 38,800 shares of the company’s stock valued at $685,000 after purchasing an additional 1,074 shares in the last quarter. Swiss National Bank raised its stake in Jamf by 1.0% in the third quarter. Swiss National Bank now owns 109,000 shares of the company’s stock valued at $1,925,000 after purchasing an additional 1,100 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Jamf by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 444,538 shares of the company’s stock valued at $7,851,000 after purchasing an additional 49,252 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Jamf in the third quarter valued at about $362,000. Finally, Blair William & Co. IL raised its stake in Jamf by 5.6% during the third quarter. Blair William & Co. IL now owns 272,283 shares of the company’s stock worth $4,809,000 after acquiring an additional 14,332 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

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.