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 stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $18.27, for a total transaction of $137,500.02. Following the sale, the insider now directly owns 340,422 shares of the company’s stock, valued at approximately $6,219,509.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jamf Stock Up 3.0 %

Shares of NASDAQ JAMF opened at $19.15 on Tuesday. 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 50-day moving average price of $18.50 and a 200-day moving average price of $17.90. The stock has a market capitalization of $2.43 billion, a P/E ratio of -21.52 and a beta of 0.51. Jamf Holding Corp. has a 1 year low of $14.83 and a 1 year high of $22.89.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. The business had revenue of $150.65 million during the quarter, compared to the consensus estimate of $148.34 million. On average, equities research analysts forecast that Jamf Holding Corp. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JAMF. Assetmark Inc. increased its stake in Jamf by 20.6% in the 4th 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 purchased 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 Jamf during the fourth quarter worth $184,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jamf by 73.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock valued at $224,000 after acquiring an additional 5,264 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Jamf by 29.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 18,206 shares of the company’s stock worth $322,000 after purchasing an additional 4,106 shares during the last quarter. 93.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JAMF. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Thursday, March 14th. Mizuho cut their price target on Jamf from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Jamf in a research note on Thursday, March 14th. Finally, Barclays raised their price target on shares of Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and an average target price of $23.67.

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.