Piper Sandler Issues Pessimistic Forecast for Jamf (NASDAQ:JAMF) Stock Price

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

A number of other brokerages have also recently issued reports on JAMF. Morgan Stanley initiated coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.78.

Jamf Trading Down 0.3 %

NASDAQ:JAMF opened at $14.13 on Monday. Jamf has a 52-week low of $13.79 and a 52-week high of $21.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $15.09 and a 200-day simple moving average of $16.61. The company has a market capitalization of $1.80 billion, a PE ratio of -25.69, a price-to-earnings-growth ratio of 6.33 and a beta of 0.37.

Insider Buying and Selling at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction dated Thursday, October 17th. The stock was 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 owns 187,438 shares in the company, valued at $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JAMF. Wellington Management Group LLP increased its position in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after purchasing an additional 565,008 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Jamf by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock valued at $30,216,000 after buying an additional 15,946 shares during the period. Geode Capital Management LLC increased its holdings in shares of Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after buying an additional 134,314 shares during the last quarter. EVR Research LP raised its position in shares of Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after acquiring an additional 306,558 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other 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.