Jamf (NASDAQ:JAMF) Sets New 52-Week Low – Here’s Why

Shares of Jamf Holding Corp. (NASDAQ:JAMF) hit a new 52-week low on Friday . The stock traded as low as $14.61 and last traded at $14.61, with a volume of 81091 shares. The stock had previously closed at $15.31.

Analyst Ratings Changes

JAMF has been the subject of a number of research reports. Canaccord Genuity Group decreased their price target on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Friday, October 4th. The Goldman Sachs Group started coverage on shares of Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Jamf Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a market capitalization of $1.89 billion, a PE ratio of -26.98, a P/E/G ratio of 7.54 and a beta of 0.41. The firm has a 50 day moving average of $16.95 and a 200-day moving average of $17.23.

Insider Buying and Selling at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the sale, the insider now directly owns 187,438 shares in the company, valued at $3,103,973.28. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several hedge funds have recently bought and sold shares of JAMF. Versant Capital Management Inc boosted its position in Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after purchasing an additional 2,318 shares during the period. Quarry LP boosted its stake in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after buying an additional 1,405 shares in the last quarter. Fifth Third Bancorp bought a new stake in Jamf in the second quarter valued at about $45,000. EntryPoint Capital LLC grew its stake in shares of Jamf by 40.0% in the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after purchasing an additional 949 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

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.