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 stock in a transaction that occurred 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 sale, the insider now directly owns 358,775 shares of the company’s stock, valued at $4,879,340. The trade was a 13.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jamf Price Performance

Jamf stock traded down $0.25 during mid-day trading on Friday, hitting $13.17. 1,387,035 shares of the company were exchanged, compared to its average volume of 551,413. 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 business’s 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $15.55. The company has a market capitalization of $1.70 billion, a P/E ratio of -23.95, a PEG 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.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JAMF. Piper Sandler decreased their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Barclays reduced 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. Morgan Stanley assumed coverage on Jamf in a report on Tuesday. They issued an “equal weight” rating and a $16.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Three research 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.30.

Hedge Funds Weigh In On Jamf

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Jamf by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock worth $152,375,000 after buying an additional 841,239 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Jamf by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after purchasing an additional 114,036 shares during the period. Clearbridge Investments LLC boosted its holdings in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Jamf by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock worth $29,242,000 after purchasing an additional 167,909 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Jamf by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after purchasing an additional 134,314 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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.