Barclays Lowers Jamf (BATS:JAMF) Price Target to $26.00

Jamf (BATS:JAMF – Get Rating) had its price target decreased by Barclays from $37.00 to $26.00 in a report published on Wednesday, The Fly reports.

JAMF has been the subject of a number of other research reports. Zacks Investment Research upgraded Jamf from a strong sell rating to a hold rating in a report on Wednesday, January 12th. Mizuho decreased their price objective on Jamf from $48.00 to $43.00 in a report on Tuesday, January 18th. Piper Sandler decreased their price objective on Jamf from $55.00 to $50.00 and set an overweight rating for the company in a report on Wednesday, March 2nd. JMP Securities decreased their price objective on Jamf from $59.00 to $39.00 in a report on Wednesday. Finally, Craig Hallum decreased their price objective on Jamf from $47.00 to $41.00 in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $40.50.

Shares of JAMF stock opened at $23.96 on Wednesday. The business has a 50 day simple moving average of $32.23 and a two-hundred day simple moving average of $34.37.

Jamf (BATS:JAMF – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $105.74 million. The business’s revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS.

In other Jamf news, insider Jason Wudi sold 23,146 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $35.31, for a total value of $817,285.26. Following the transaction, the insider now directly owns 343,961 shares of the company’s stock, valued at $12,145,262.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jill Putman sold 1,300 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $33.10, for a total value of $43,030.00. The disclosure for this sale can be found here. Insiders sold a total of 66,414 shares of company stock valued at $2,314,064 over the last quarter.

A number of large investors have recently made changes to their positions in the business. Northern Trust Corp boosted its position in Jamf by 1.3% in the first quarter. Northern Trust Corp now owns 225,299 shares of the company’s stock worth $7,842,000 after purchasing an additional 2,935 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its position in Jamf by 81.7% in the first quarter. Stonebridge Capital Advisors LLC now owns 2,400 shares of the company’s stock worth $84,000 after purchasing an additional 1,079 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jamf by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 282,867 shares of the company’s stock worth $9,847,000 after purchasing an additional 9,596 shares during the last quarter. Clearbridge Investments LLC boosted its position in Jamf by 0.3% in the first quarter. Clearbridge Investments LLC now owns 1,857,453 shares of the company’s stock worth $64,658,000 after purchasing an additional 6,125 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Jamf by 29.1% in the first quarter. Lord Abbett & CO. LLC now owns 1,415,047 shares of the company’s stock worth $49,258,000 after purchasing an additional 318,630 shares during the last quarter.

About Jamf (Get Rating)

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. 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 software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology.

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