Jamf (BATS:JAMF) had its target price decreased by analysts at Royal Bank of Canada from $49.00 to $45.00 in a research note issued on Wednesday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 60.60% from the stock’s current price.
A number of other equities research analysts have also recently commented on JAMF. Zacks Investment Research raised Jamf from a “sell” rating to a “hold” rating in a research note on Wednesday, May 5th. Needham & Company LLC initiated coverage on Jamf in a research note on Wednesday, April 28th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Mizuho reissued a “buy” rating and issued a $42.00 target price (down from $45.00) on shares of Jamf in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $39.40.
Shares of Jamf stock opened at $28.02 on Wednesday. The business’s 50 day moving average is $35.65 and its two-hundred day moving average is $34.97.
Jamf (BATS:JAMF) last announced its quarterly earnings data on Monday, May 10th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $81.20 million for the quarter, compared to analyst estimates of $76.70 million. The firm’s revenue was up 34.5% compared to the same quarter last year.
In other news, CFO Jill Putman sold 913 shares of the business’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $40.02, for a total value of $36,538.26. Following the sale, the chief financial officer now directly owns 35,685 shares in the company, valued at $1,428,113.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dean Hager sold 100,000 shares of the business’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $31.47, for a total value of $3,147,000.00. Following the completion of the sale, the director now owns 103,846 shares in the company, valued at $3,268,033.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 402,847 shares of company stock valued at $13,913,016.
Several institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC lifted its holdings in shares of Jamf by 73.2% in the first quarter. Clearbridge Investments LLC now owns 1,412,295 shares of the company’s stock valued at $49,882,000 after purchasing an additional 596,769 shares in the last quarter. Amalgamated Bank bought a new stake in Jamf during the first quarter worth about $201,000. Bank of New York Mellon Corp raised its holdings in Jamf by 41.8% during the first quarter. Bank of New York Mellon Corp now owns 102,415 shares of the company’s stock worth $3,617,000 after acquiring an additional 30,170 shares in the last quarter. Citigroup Inc. raised its holdings in Jamf by 57.7% during the first quarter. Citigroup Inc. now owns 4,048 shares of the company’s stock worth $143,000 after acquiring an additional 1,481 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Jamf by 7.0% during the first quarter. Blair William & Co. IL now owns 64,545 shares of the company’s stock worth $2,280,000 after acquiring an additional 4,237 shares in the last quarter.
Jamf Company Profile
Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. The company's Software-as-a-Service (SaaS) solutions provide a cloud-based platform for lifecycle enterprise IT management of Apple devices. 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 purpose-built software solution for educators; Jamf Connect, a solution that gives users the ability to provision their new Apple devices by entering their cloud identity the first time the device is powered on; and Jamf Protect, which creates customized telemetry and detections.
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