Insider Selling: Jamf Holding Corp. (NASDAQ:JAMF) CAO Sells 3,706 Shares of Stock

Jamf Holding Corp. (NASDAQ:JAMF) CAO Anthony Grabenau sold 3,706 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the transaction, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jamf Trading Up 0.6 %

Shares of NASDAQ JAMF opened at $14.82 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of -26.94, a PEG ratio of 1.00 and a beta of 0.37. Jamf Holding Corp. has a 1-year low of $13.40 and a 1-year high of $21.41. The business’s 50 day moving average is $14.63 and its two-hundred day moving average is $16.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Hedge Funds Weigh In On Jamf

Several large investors have recently modified their holdings of JAMF. EVR Research LP lifted its position in Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after acquiring an additional 982,764 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Jamf by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after acquiring an additional 565,008 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after purchasing an additional 306,558 shares during the period. Finally, Crestwood Capital Management L.P. bought a new position in Jamf during the 3rd quarter valued at about $3,470,000. Institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a report on Tuesday, October 1st. Piper Sandler dropped their price objective 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. Barclays cut their price objective on Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Royal Bank of Canada decreased their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

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.