Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells $44,066.00 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Linh Lam sold 2,200 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $20.03, for a total value of $44,066.00. Following the completion of the transaction, the insider now directly owns 200,585 shares in the company, valued at $4,017,717.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jamf Price Performance

Jamf stock opened at $19.95 on Friday. The business has a 50 day simple moving average of $18.45 and a 200 day simple moving average of $18.17. Jamf Holding Corp. has a one year low of $14.83 and a one year high of $22.89. The company has a market capitalization of $2.56 billion, a PE ratio of -22.42 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. The company had revenue of $152.12 million during the quarter, compared to analysts’ expectations of $149.21 million. During the same period last year, the business earned ($0.08) earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that Jamf Holding Corp. will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Jamf

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JAMF. Vanguard Group Inc. raised its stake in shares of Jamf by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,188,675 shares of the company’s stock valued at $126,952,000 after acquiring an additional 130,500 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Jamf by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 182,194 shares of the company’s stock valued at $3,316,000 after buying an additional 49,120 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Jamf by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,538 shares of the company’s stock worth $7,851,000 after acquiring an additional 49,252 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Jamf by 6.0% in the third quarter. Clearbridge Investments LLC now owns 2,058,012 shares of the company’s stock worth $36,344,000 after acquiring an additional 115,808 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Jamf during the fourth quarter worth approximately $163,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JAMF shares. Barclays lifted their target price on shares of Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Canaccord Genuity Group upped their price target on Jamf from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho raised their price objective on shares of Jamf from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Thursday. Finally, Royal Bank of Canada raised their price target on shares of Jamf from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.14.

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.