Piper Sandler Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF) had its target price cut by Piper Sandler from $25.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently commented on JAMF. Morgan Stanley started coverage on shares of Jamf in a research report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research note on Tuesday, October 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Jamf Stock Performance

Shares of NASDAQ JAMF opened at $14.36 on Monday. Jamf has a 1 year low of $13.84 and a 1 year high of $21.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $16.63. The firm has a market cap of $1.83 billion, a P/E ratio of -26.11, a PEG ratio of 6.33 and a beta of 0.37.

Insider Activity at Jamf

In related news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now directly owns 187,438 shares of the company’s stock, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jamf by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock worth $234,000 after purchasing an additional 1,755 shares during the period. Rhumbline Advisers boosted its stake in shares of Jamf by 5.6% during the 2nd quarter. Rhumbline Advisers now owns 102,206 shares of the company’s stock valued at $1,686,000 after buying an additional 5,376 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of Jamf during the 2nd quarter valued at $562,000. TradeLink Capital LLC acquired a new position in shares of Jamf in the second quarter worth $259,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Jamf during the second quarter worth $183,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

About Jamf

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.