Jamf Holding Corp. (NASDAQ:JAMF) Sees Significant Decline in Short Interest

by · The Markets Daily

Jamf Holding Corp. (NASDAQ:JAMF – Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,800,000 shares, a decrease of 7.3% from the November 30th total of 3,020,000 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily trading volume, of 501,300 shares, the days-to-cover ratio is currently 5.6 days.

Insider Buying and Selling

In other Jamf news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $16.56, for a total value of $127,545.12. Following the completion of the transaction, the insider now owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by company insiders.

Institutional Trading of Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after acquiring an additional 38,429 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Jamf by 67.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 127,716 shares of the company’s stock worth $2,216,000 after purchasing an additional 51,599 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Jamf by 12.3% in the 3rd quarter. Barclays PLC now owns 201,473 shares of the company’s stock valued at $3,495,000 after purchasing an additional 22,032 shares during the period. 93.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Friday, October 4th. Morgan Stanley began coverage on Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group started coverage on shares of Jamf in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.75.

View Our Latest Research Report on Jamf

Jamf Price Performance

Shares of Jamf stock opened at $14.05 on Wednesday. Jamf has a 52 week low of $13.84 and a 52 week high of $21.41. 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 company’s 50-day moving average price is $15.39 and its two-hundred day moving average price is $16.66. The stock has a market cap of $1.79 billion, a PE ratio of -25.54, a price-to-earnings-growth ratio of 6.33 and a beta of 0.36.

Jamf Company Profile

(Get Free Report)

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.

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