Jamf (NYSEARCA:JAMF) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Jamf (NYSEARCA:JAMF) from a buy rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Jamf Holding Corp. provides technology solutions. Jamf Holding Corp. is based in Minneapolis, United States. “

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NYSEARCA JAMF opened at $29.92 on Friday. The business has a 50 day simple moving average of $32.10 and a two-hundred day simple moving average of $33.02. Jamf has a 1-year low of $29.03 and a 1-year high of $51.00.

Jamf (NYSEARCA:JAMF) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $70.40 million for the quarter, compared to analysts’ expectations of $65.43 million. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS.

In other news, CTO Jason Wudi sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The stock was sold at an average price of $32.00, for a total value of $1,600,000.00. Following the completion of the sale, the chief technology officer now directly owns 154,214 shares of the company’s stock, valued at approximately $4,934,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Vi Co Invest 1 Gp L.P. Vepf sold 1,064,156 shares of the firm’s stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $32.00, for a total value of $34,052,992.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,728,134 shares of company stock valued at $375,300,288 in the last 90 days.

Several large investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Jamf during the 3rd quarter worth approximately $36,000. Fifth Third Bancorp bought a new stake in shares of Jamf during the 3rd quarter worth approximately $38,000. US Bancorp DE bought a new stake in shares of Jamf during the 3rd quarter worth approximately $49,000. Clearstead Advisors LLC bought a new stake in shares of Jamf during the 3rd quarter worth approximately $56,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Jamf during the 3rd quarter worth approximately $231,000.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. The company's Software-as-a-Service (SaaS) solutions provide a cloud-based platform for lifecycle enterprise IT management of Apple devices. 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 purpose-built software solution for educators; Jamf Connect, a solution that gives users the ability to provision their new Apple devices by entering their cloud identity the first time the device is powered on; and Jamf Protect, which creates customized telemetry and detections.

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