Jamf (NASDAQ:JAMF) Hits New 12-Month Low – What’s Next?

Jamf Holding Corp. (NASDAQ:JAMF)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $9.25 and last traded at $9.27, with a volume of 818866 shares trading hands. The stock had previously closed at $9.31.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Jamf from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Jamf in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price objective on Jamf from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. William Blair reiterated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Finally, Mizuho set a $15.00 price objective on Jamf in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Jamf Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -23.92, a PEG ratio of 1.69 and a beta of 0.40. The firm has a fifty day moving average of $10.76 and a 200 day moving average of $12.95.

Jamf (NASDAQ:JAMF) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. As a group, sell-side analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current year.

Insiders Place Their Bets

In other Jamf news, insider Beth Tschida sold 11,878 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total transaction of $122,818.52. Following the transaction, the insider now owns 475,932 shares of the company’s stock, valued at approximately $4,921,136.88. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Elizabeth Benz sold 11,526 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $10.70, for a total value of $123,328.20. Following the completion of the transaction, the insider now directly owns 347,249 shares in the company, valued at approximately $3,715,564.30. This trade represents a 3.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,957 shares of company stock valued at $755,361. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Jamf by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after purchasing an additional 114,036 shares during the last quarter. Sunriver Management LLC acquired a new position in shares of Jamf in the 1st quarter valued at $37,394,000. Clearbridge Investments LLC lifted its stake in shares of Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after purchasing an additional 409,531 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock valued at $29,242,000 after purchasing an additional 167,909 shares during the last quarter. Institutional investors and hedge funds 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.