John Strosahl Sells 56,170 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) CEO John Strosahl sold 56,170 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares in the company, valued at $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jamf Stock Down 1.9 %

Shares of Jamf stock opened at $13.17 on Friday. The business has a 50-day moving average of $14.57 and a 200-day moving average of $15.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.70 billion, a PE ratio of -23.95, a P/E/G ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 1-year low of $12.90 and a 1-year high of $21.41.

Analysts Set New Price Targets

Several research analysts have commented on JAMF shares. Piper Sandler cut their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Canaccord Genuity Group reissued a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Royal Bank of Canada cut their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Morgan Stanley started coverage on Jamf in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.30.

Hedge Funds Weigh In On Jamf

A number of hedge funds have recently bought and sold shares of the company. PharVision Advisers LLC acquired a new position in Jamf in the fourth quarter worth about $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Jamf by 20.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,980 shares of the company’s stock worth $2,051,000 after purchasing an additional 24,343 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Jamf in the fourth quarter worth about $614,000. Squarepoint Ops LLC acquired a new position in Jamf in the fourth quarter worth about $1,188,000. Finally, Twinbeech Capital LP acquired a new position in Jamf in the fourth quarter worth about $180,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.