Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells $780,368.00 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Elizabeth Benz sold 57,380 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $780,368.00. Following the completion of the sale, the insider now directly owns 358,775 shares of the company’s stock, valued at $4,879,340. This trade represents a 13.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jamf Stock Performance

Shares of Jamf stock opened at $13.17 on Monday. The business has a 50-day moving average of $14.57 and a 200 day moving average of $15.48. Jamf Holding Corp. has a 12 month low of $12.90 and a 12 month high of $21.41. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -23.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JAMF. William Blair reaffirmed an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Canaccord Genuity Group reiterated a “buy” rating and set a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. JPMorgan Chase & Co. assumed coverage on Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target for the company. Morgan Stanley assumed coverage on Jamf in a report on Tuesday, March 18th. They set an “equal weight” rating and a $16.00 price target for the company. Finally, Barclays lowered their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Jamf currently has an average rating of “Moderate Buy” and an average target price of $21.30.

Hedge Funds Weigh In On Jamf

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crestwood Capital Management L.P. purchased a new position in Jamf during the 3rd quarter valued at about $3,470,000. Franklin Resources Inc. boosted its stake in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after buying an additional 38,429 shares during the period. Geode Capital Management LLC boosted its stake in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after buying an additional 134,314 shares during the period. Atom Investors LP boosted its stake in shares of Jamf by 213.4% in the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after buying an additional 89,901 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Jamf by 54.0% in the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock valued at $409,000 after buying an additional 10,199 shares during the period. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

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.