Jamf (NASDAQ:JAMF) Announces Earnings Results

Jamf (NASDAQ:JAMF) released its quarterly earnings data on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13), Zacks reports. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%.

Jamf Price Performance

Shares of JAMF remained flat at $12.87 during midday trading on Monday. The stock had a trading volume of 5,702,574 shares, compared to its average volume of 1,502,419. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.45. Jamf has a one year low of $7.09 and a one year high of $16.37. The company has a market cap of $1.70 billion, a PE ratio of -33.00, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41. The company’s 50 day moving average price is $10.78 and its two-hundred day moving average price is $9.97.

Insider Activity

In other news, CEO John Strosahl sold 43,650 shares of the stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $9.88, for a total value of $431,262.00. Following the completion of the transaction, the chief executive officer owned 1,480,451 shares of the company’s stock, valued at approximately $14,626,855.88. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linh Lam sold 3,210 shares of Jamf stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $9.95, for a total transaction of $31,939.50. Following the sale, the insider directly owned 250,308 shares in the company, valued at $2,490,564.60. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Jamf

A number of hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd increased its holdings in shares of Jamf by 133.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company’s stock worth $13,023,000 after buying an additional 781,968 shares in the last quarter. BNP Paribas Financial Markets grew its position in Jamf by 340.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company’s stock worth $6,208,000 after acquiring an additional 504,425 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Jamf by 139.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 322,725 shares of the company’s stock worth $3,069,000 after acquiring an additional 187,806 shares during the last quarter. Jump Financial LLC increased its holdings in Jamf by 352.2% in the 2nd quarter. Jump Financial LLC now owns 237,094 shares of the company’s stock worth $2,255,000 after purchasing an additional 184,657 shares in the last quarter. Finally, Man Group plc bought a new position in Jamf in the second quarter valued at about $1,510,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on JAMF. JPMorgan Chase & Co. restated a “neutral” rating and issued a $13.00 price target (up previously from $12.00) on shares of Jamf in a research note on Monday, November 3rd. Barclays decreased their price objective on shares of Jamf from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, July 21st. Piper Sandler cut shares of Jamf from an “overweight” rating to a “hold” rating and set a $13.05 target price for the company. in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Jamf from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Citigroup reissued a “market outperform” rating on shares of Jamf in a report on Wednesday, October 29th.

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.