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 stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the transaction, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. This trade represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jamf Price Performance

Shares of JAMF opened at $14.73 on Thursday. Jamf Holding Corp. has a one year low of $13.40 and a one year high of $21.41. The stock’s fifty day moving average is $14.64 and its 200-day moving average is $16.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -26.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.37.

Hedge Funds Weigh In On Jamf

Several large investors have recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares in the last quarter. Blue Trust Inc. boosted its stake in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after buying an additional 2,523 shares in the last quarter. Versant Capital Management Inc grew its holdings in Jamf by 24.5% during the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after acquiring an additional 795 shares during the period. Venturi Wealth Management LLC raised its position in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock worth $63,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Jamf by 45.9% in the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $76,000 after purchasing an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

JAMF has been the topic of several research reports. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Tuesday. Piper Sandler cut their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada lowered their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Morgan Stanley initiated coverage on Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jamf presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

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.