Jamf (NASDAQ:JAMF) Downgraded by Zacks Research to Strong Sell

Jamf (NASDAQ:JAMF) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jamf in a research report on Wednesday, October 8th. Bank of America dropped their target price on Jamf from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Wall Street Zen upgraded Jamf from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Barclays dropped their target price on Jamf from $15.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Jamf from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th.

Jamf Price Performance

Shares of Jamf stock opened at $10.49 on Tuesday. Jamf has a one year low of $7.09 and a one year high of $18.00. The stock’s fifty day moving average is $9.96 and its 200 day moving average is $9.88. The stock has a market cap of $1.38 billion, a P/E ratio of -26.90, a P/E/G ratio of 2.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.45.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $168.58 million. During the same quarter in the prior year, the business posted $0.14 EPS. Jamf’s revenue for the quarter was up 15.4% compared to the same quarter last year. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that Jamf will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Linh Lam sold 3,210 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $2,490,564.60. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Strosahl sold 43,650 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $9.88, for a total transaction of $431,262.00. Following the sale, the chief executive officer directly owned 1,480,451 shares in the company, valued at $14,626,855.88. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Jamf

Several hedge funds have recently modified their holdings of JAMF. Sunriver Management LLC purchased a new stake in shares of Jamf during the 1st quarter worth about $37,394,000. Marshall Wace LLP lifted its stake in Jamf by 181.7% in the 2nd quarter. Marshall Wace LLP now owns 1,366,919 shares of the company’s stock valued at $12,999,000 after buying an additional 881,745 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Jamf by 133.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company’s stock valued at $13,023,000 after buying an additional 781,968 shares in the last quarter. Palisade Capital Management LP acquired a new stake in Jamf in the 1st quarter valued at about $7,567,000. Finally, BNP Paribas Financial Markets raised its holdings in Jamf by 340.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company’s stock valued at $6,208,000 after acquiring an additional 504,425 shares during the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

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.