Insider Selling: Jamf Holding Corp. (NASDAQ:JAMF) Director Sells 36,864 Shares of Stock

Jamf Holding Corp. (NASDAQ:JAMF) Director Dean Hager sold 36,864 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $492,871.68. Following the completion of the transaction, the director now directly owns 302,775 shares in the company, valued at approximately $4,048,101.75. This represents a 10.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jamf Stock Down 1.9 %

JAMF stock opened at $13.17 on Friday. 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 stock has a market capitalization of $1.70 billion, a P/E ratio of -23.95, a P/E/G ratio of 1.02 and a beta of 0.39. The business has a 50-day moving average of $14.57 and a 200-day moving average of $15.51. Jamf Holding Corp. has a fifty-two week low of $12.90 and a fifty-two week high of $21.41.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JAMF shares. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. JPMorgan Chase & Co. started coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective for the company. Barclays dropped their price objective on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Royal Bank of Canada dropped their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, William Blair reiterated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.30.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JAMF. Wellington Management Group LLP boosted 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 valued at $152,375,000 after purchasing an additional 841,239 shares during the last quarter. Clearbridge Investments LLC raised its stake 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 buying an additional 409,531 shares during the period. Principal Financial Group Inc. raised its stake in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after buying an additional 306,558 shares during the period. Marshall Wace LLP raised its stake in Jamf by 61.9% in the fourth quarter. Marshall Wace LLP now owns 778,629 shares of the company’s stock valued at $10,940,000 after buying an additional 297,804 shares during the period. Finally, 272 Capital LP bought a new stake in Jamf in the fourth quarter valued at approximately $2,927,000. 93.81% of the stock is 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.