Jamf Holding Corp. (NASDAQ:JAMF) Given Consensus Recommendation of “N/A” by Brokerages

Shares of Jamf Holding Corp. (NASDAQ:JAMF) have been assigned an average recommendation of “N/A” from the zero ratings firms that are covering the stock, MarketBeat.com reports.

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Jamf from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, June 4th. Mizuho raised their price objective on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Royal Bank of Canada boosted their price target on Jamf from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th.

Insider Buying and Selling at Jamf

In related news, insider Linh Lam sold 2,200 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $20.03, for a total value of $44,066.00. Following the completion of the sale, the insider now directly owns 200,585 shares of the company’s stock, valued at approximately $4,017,717.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Linh Lam sold 2,200 shares of Jamf stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total value of $44,066.00. Following the completion of the sale, the insider now owns 200,585 shares of the company’s stock, valued at approximately $4,017,717.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John Strosahl sold 25,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $15.39, for a total transaction of $384,750.00. Following the transaction, the chief executive officer now owns 1,043,965 shares in the company, valued at approximately $16,066,621.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,246 shares of company stock valued at $2,205,172. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Jamf by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company’s stock worth $126,952,000 after purchasing an additional 130,500 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Jamf by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 182,194 shares of the company’s stock worth $3,316,000 after buying an additional 49,120 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Jamf in the fourth quarter valued at approximately $460,000. International Assets Investment Management LLC purchased a new stake in shares of Jamf during the fourth quarter valued at approximately $163,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Jamf by 73.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock worth $224,000 after acquiring an additional 5,264 shares during the period. Institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

JAMF opened at $18.91 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96. Jamf has a 52-week low of $14.68 and a 52-week high of $21.98. The firm has a market cap of $2.43 billion, a P/E ratio of -22.25, a price-to-earnings-growth ratio of 32.38 and a beta of 0.41. The business’s fifty day moving average is $16.63 and its 200-day moving average is $18.11.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, topping 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 company had revenue of $152.12 million during the quarter, compared to the consensus estimate of $149.21 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Sell-side analysts expect that Jamf will post 0.01 EPS for the current fiscal year.

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.