Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells $137,500.02 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Beth Tschida sold 7,526 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $18.27, for a total value of $137,500.02. Following the completion of the transaction, the insider now directly owns 340,422 shares in the company, valued at $6,219,509.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jamf Stock Performance

Shares of JAMF stock opened at $19.65 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $18.48 and a two-hundred day moving average of $17.92. Jamf Holding Corp. has a 52 week low of $14.83 and a 52 week high of $22.89. The company has a market cap of $2.52 billion, a P/E ratio of -22.08 and a beta of 0.51.

Jamf (NASDAQ:JAMF) last issued its earnings results on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $150.65 million during the quarter, compared to the consensus estimate of $148.34 million. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. As a group, analysts anticipate that Jamf Holding Corp. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JAMF shares. Barclays raised their target price on Jamf from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of Jamf in a research note on Thursday, March 14th. Finally, Mizuho decreased their price target on Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.67.

Institutional Investors Weigh In On Jamf

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. raised its holdings in shares of Jamf by 20.6% during the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after buying an additional 559 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Jamf during the fourth quarter valued at approximately $163,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jamf during the fourth quarter valued at approximately $184,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jamf by 73.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock valued at $224,000 after buying an additional 5,264 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Jamf by 29.1% during the third quarter. Handelsbanken Fonder AB now owns 18,206 shares of the company’s stock valued at $322,000 after buying an additional 4,106 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Company Profile

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.