Jamf (NASDAQ:JAMF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) saw unusually-strong trading volume on Thursday . Approximately 6,295,104 shares changed hands during trading, an increase of 254% from the previous session’s volume of 1,779,448 shares.The stock last traded at $13.0550 and had previously closed at $12.99.

Wall Street Analyst Weigh In

JAMF has been the subject of a number of research analyst reports. William Blair lowered shares of Jamf from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Mizuho cut Jamf from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley upped their price objective on Jamf from $10.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, December 18th. Canaccord Genuity Group cut Jamf from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $13.05 in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $13.00 price target (up from $12.00) on shares of Jamf in a research report on Monday, November 3rd.

Jamf Trading Up 0.5%

The company has a market cap of $1.75 billion, a PE ratio of -40.78, a P/E/G ratio of 1.80 and a beta of 0.47. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $13.00 and its 200-day simple moving average is $11.10.

Jamf (NASDAQ:JAMF) last issued its earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $183.49 million for 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 business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. As a group, analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JAMF. State of Alaska Department of Revenue acquired a new position in Jamf during the 3rd quarter worth $57,000. Tower Research Capital LLC TRC increased its holdings in Jamf by 210.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company’s stock valued at $74,000 after buying an additional 5,311 shares during the period. Covestor Ltd increased its stake in Jamf by 775.1% in the third 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. Bayforest Capital Ltd acquired a new position in shares of Jamf in the 4th quarter worth approximately $80,000. Finally, Savant Capital LLC bought a new position in shares of Jamf during the second quarter valued at $97,000. 93.81% 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 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.