Jamf Holding Corp. (NASDAQ:JAMF) Short Interest Update

Jamf Holding Corp. (NASDAQ:JAMF) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,070,000 shares, a growth of 9.3% from the March 15th total of 2,810,000 shares. Based on an average daily trading volume, of 405,700 shares, the short-interest ratio is currently 7.6 days. Currently, 6.4% of the shares of the stock are short sold.

Jamf Stock Performance

Shares of JAMF stock opened at $17.85 on Tuesday. The stock has a market capitalization of $2.27 billion, a P/E ratio of -20.06 and a beta of 0.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $18.60 and its 200 day moving average is $17.85. Jamf has a 12 month low of $14.83 and a 12 month high of $22.89.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $150.65 million for the quarter, compared to analysts’ expectations of $148.34 million. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. On average, sell-side analysts anticipate that Jamf will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 1,677 shares of Jamf stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $20.00, for a total transaction of $33,540.00. Following the transaction, the insider now owns 151,943 shares in the company, valued at $3,038,860. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Linh Lam sold 1,677 shares of Jamf stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $20.00, for a total transaction of $33,540.00. Following the transaction, the insider now owns 151,943 shares in the company, valued at $3,038,860. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Wudi sold 33,830 shares of Jamf stock in a transaction on Monday, March 18th. The stock was sold at an average price of $17.89, for a total transaction of $605,218.70. Following the transaction, the insider now owns 378,276 shares in the company, valued at approximately $6,767,357.64. The disclosure for this sale can be found here. Insiders have sold 179,835 shares of company stock worth $3,212,929 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Jamf

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after buying an additional 559 shares during the last quarter. Raymond James & Associates raised its position in shares of Jamf by 2.8% during the 3rd quarter. Raymond James & Associates now owns 38,800 shares of the company’s stock valued at $685,000 after buying an additional 1,074 shares in the last quarter. Swiss National Bank raised its position in shares of Jamf by 1.0% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock valued at $1,925,000 after buying an additional 1,100 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Jamf by 11.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,163 shares of the company’s stock valued at $236,000 after buying an additional 1,245 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its position in shares of Jamf by 67.7% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 4,025 shares of the company’s stock valued at $86,000 after buying an additional 1,625 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on JAMF shares. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Thursday, March 14th. Mizuho dropped their target price on shares of Jamf from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 target price on shares of Jamf in a research note on Thursday, March 14th. Finally, Barclays boosted their target price on shares of Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and an average target price of $23.67.

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.