Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells $1,187,215.89 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the transaction, the insider now directly owns 487,810 shares of the company’s stock, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jamf Stock Up 2.3 %

NASDAQ:JAMF traded up $0.31 on Wednesday, reaching $13.65. The stock had a trading volume of 780,124 shares, compared to its average volume of 546,626. The stock has a market cap of $1.77 billion, a P/E ratio of -24.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 12-month low of $12.90 and a 12-month high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $14.60 and a 200 day moving average of $15.58.

Analyst Upgrades and Downgrades

JAMF has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. JPMorgan Chase & Co. assumed coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target for the company. Royal Bank of Canada lowered their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Piper Sandler lowered their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Jamf currently has a consensus rating of “Moderate Buy” and an average target price of $21.30.

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently made changes to their positions in JAMF. Quarry LP boosted its stake in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares during the last quarter. Blue Trust Inc. grew its stake in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares in the last quarter. Versant Capital Management Inc increased its holdings in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after buying an additional 795 shares during the last quarter. Assetmark Inc. raised its stake in Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after buying an additional 2,500 shares in the last quarter. 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.