Jamf (NASDAQ:JAMF) Sees Strong Trading Volume – What’s Next?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) saw strong trading volume on Wednesday . 2,639,720 shares were traded during trading, an increase of 68% from the previous session’s volume of 1,569,917 shares.The stock last traded at $12.9750 and had previously closed at $12.97.

Analysts Set New Price Targets

JAMF has been the topic of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Jamf in a report on Wednesday, October 8th. JMP Securities reduced their price target on shares of Jamf from $27.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Jamf from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Mizuho cut shares of Jamf from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Citigroup cut shares of Jamf from a “market outperform” rating to a “market perform” rating in a research report on Wednesday.

Jamf Stock Down 0.1%

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $1.74 billion, a PE ratio of -40.50, a PEG ratio of 2.55 and a beta of 0.46. The company has a 50 day moving average price of $11.77 and a 200-day moving average price of $10.17.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $183.49 million during the quarter, compared to analyst estimates of $177.15 million. Jamf had a positive return on equity of 4.43% and a negative net margin of 5.98%.The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Jamf

Several hedge funds have recently made changes to their positions in JAMF. State of Alaska Department of Revenue purchased a new stake in Jamf during the third quarter valued at approximately $57,000. Quarry LP boosted its stake in shares of Jamf by 148.7% during the 1st quarter. Quarry LP now owns 6,505 shares of the company’s stock worth $79,000 after acquiring an additional 3,889 shares during the last quarter. Covestor Ltd grew its position in shares of Jamf by 775.1% during the 3rd quarter. Covestor Ltd now owns 7,465 shares of the company’s stock valued at $79,000 after acquiring an additional 6,612 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Jamf by 210.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company’s stock worth $74,000 after purchasing an additional 5,311 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in Jamf in the 2nd quarter worth $97,000. 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.