Jamf (BATS:JAMF) PT Lowered to $41.00 at Canaccord Genuity Group

Jamf (BATS:JAMFGet Rating) had its price target cut by Canaccord Genuity Group from $52.00 to $41.00 in a research note published on Wednesday morning, The Fly reports.

Several other research analysts also recently commented on the company. Craig Hallum cut their target price on Jamf from $41.00 to $31.00 in a report on Wednesday. JMP Securities cut their target price on Jamf from $59.00 to $39.00 in a report on Wednesday. Barclays dropped their price objective on Jamf from $37.00 to $26.00 in a research note on Wednesday. Mizuho dropped their price objective on Jamf from $43.00 to $34.00 in a research note on Wednesday. Finally, Royal Bank of Canada dropped their price objective on Jamf from $47.00 to $39.00 in a research note on Monday, May 9th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jamf currently has an average rating of Buy and a consensus price target of $40.50.

Jamf stock opened at $23.96 on Wednesday. The business has a 50 day simple moving average of $32.23 and a two-hundred day simple moving average of $34.37.

Jamf (BATS:JAMFGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $108.30 million during the quarter, compared to the consensus estimate of $105.74 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 33.4% on a year-over-year basis.

In other Jamf news, insider Jason Wudi sold 6,647 shares of the stock in a transaction on Friday, April 1st. The stock was sold at an average price of $35.10, for a total transaction of $233,309.70. Following the sale, the insider now owns 343,961 shares in the company, valued at $12,073,031.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jill Putman sold 1,300 shares of the stock in a transaction on Monday, March 7th. The stock was sold at an average price of $33.10, for a total value of $43,030.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,414 shares of company stock worth $2,314,064.

Several institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in Jamf in the fourth quarter valued at $26,000. US Bancorp DE increased its stake in Jamf by 106.4% in the third quarter. US Bancorp DE now owns 1,455 shares of the company’s stock valued at $56,000 after acquiring an additional 750 shares during the last quarter. KRS Capital Management LLC bought a new position in Jamf in the fourth quarter valued at $66,000. Stonebridge Capital Advisors LLC grew its stake in shares of Jamf by 81.7% during the first quarter. Stonebridge Capital Advisors LLC now owns 2,400 shares of the company’s stock valued at $84,000 after buying an additional 1,079 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new position in shares of Jamf during the first quarter valued at about $108,000.

Jamf Company Profile (Get Rating)

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. 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, a software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology.

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