Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells $325,071.48 in Stock

Jamf Holding Corp. (NASDAQ:JAMF – Get Rating) insider Jeff Lendino sold 16,476 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $19.73, for a total transaction of $325,071.48. Following the completion of the sale, the insider now owns 210,881 shares in the company, valued at approximately $4,160,682.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jamf Price Performance

JAMF opened at $19.79 on Friday. Jamf Holding Corp. has a fifty-two week low of $17.16 and a fifty-two week high of $36.18. The firm has a 50-day moving average of $20.31 and a 200 day moving average of $21.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $2.44 billion, a P/E ratio of -16.91 and a beta of 0.44.

Jamf (NASDAQ:JAMF – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $130.32 million for the quarter, compared to analysts’ expectations of $128.80 million. Jamf had a negative net margin of 29.51% and a negative return on equity of 9.27%. On average, research analysts expect that Jamf Holding Corp. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $35.00 target price on shares of Jamf in a report on Wednesday, March 1st. Mizuho reduced their target price on shares of Jamf from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, March 1st. Barclays raised their price target on shares of Jamf from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, March 1st. Royal Bank of Canada decreased their price objective on shares of Jamf from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, March 1st. Finally, Piper Sandler cut their target price on Jamf from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Institutional Trading of Jamf

Large investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC lifted its position in shares of Jamf by 67.7% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 4,025 shares of the company’s stock valued at $86,000 after buying an additional 1,625 shares during the last quarter. Point72 Middle East FZE bought a new stake in Jamf in the 4th quarter valued at about $92,000. Bessemer Group Inc. bought a new stake in Jamf in the 4th quarter valued at about $149,000. State of Wyoming lifted its holdings in Jamf by 50.8% during the fourth quarter. State of Wyoming now owns 7,692 shares of the company’s stock valued at $164,000 after purchasing an additional 2,592 shares during the last quarter. Finally, UBS Group AG boosted its position in Jamf by 229.2% during the fourth quarter. UBS Group AG now owns 10,146 shares of the company’s stock worth $216,000 after purchasing an additional 7,064 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

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.