Jamf (NASDAQ:JAMF) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Jamf (NASDAQ:JAMF) in a report released on Monday, Benzinga reports. The firm currently has a $25.00 price target on the stock.

A number of other research firms have also weighed in on JAMF. Royal Bank of Canada increased their price objective on Jamf from $21.00 to $23.00 and gave the company an outperform rating in a research note on Thursday, May 9th. Canaccord Genuity Group raised their price target on Jamf from $22.00 to $24.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Mizuho raised their price target on Jamf from $21.00 to $22.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, Barclays raised their price target on Jamf from $18.00 to $20.00 and gave the stock an equal weight rating in a research note on Thursday, March 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $24.14.

Jamf Stock Up 0.3 %

JAMF stock opened at $17.40 on Monday. Jamf has a 1-year low of $14.83 and a 1-year high of $22.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $18.59 and its 200 day moving average is $18.36. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -20.47, a price-to-earnings-growth ratio of 32.17 and a beta of 0.47.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 for 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 business’s quarterly revenue was up 15.1% on a year-over-year basis. Sell-side analysts predict that Jamf will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at Jamf

In other Jamf news, CEO John Strosahl sold 33,961 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $17.89, for a total transaction of $607,562.29. Following the completion of the transaction, the chief executive officer now owns 1,101,639 shares of the company’s stock, valued at $19,708,321.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO John Strosahl sold 33,961 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $17.89, for a total transaction of $607,562.29. Following the completion of the transaction, the chief executive officer now directly owns 1,101,639 shares in the company, valued at $19,708,321.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dean Hager sold 73,730 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $17.76, for a total value of $1,309,444.80. Following the transaction, the director now owns 385,665 shares of the company’s stock, valued at $6,849,410.40. 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 company insiders.

Institutional Investors Weigh In On Jamf

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Jamf by 6.2% during the 4th 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. Vanguard Group Inc. lifted its holdings in Jamf by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock worth $135,923,000 after purchasing an additional 129,489 shares in the last quarter. Keenan Capital LLC lifted its holdings in Jamf by 6.0% in the 3rd quarter. Keenan Capital LLC now owns 2,730,496 shares of the company’s stock worth $48,221,000 after purchasing an additional 153,849 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Jamf by 6.0% in the 3rd quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company’s stock worth $36,344,000 after purchasing an additional 115,808 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Jamf by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,386 shares of the company’s stock worth $29,554,000 after purchasing an additional 265,040 shares in the last quarter. 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.