Jamf Holding Corp. (NASDAQ:JAMF) CEO Sells $763,350.30 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) CEO John Strosahl sold 56,170 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares of the company’s stock, valued at approximately $20,931,671.34. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jamf Stock Down 1.9 %

Shares of NASDAQ:JAMF traded down $0.25 during trading on Friday, reaching $13.17. 1,387,035 shares of the stock traded hands, compared to its average volume of 551,413. The stock has a 50-day moving average of $14.58 and a two-hundred day moving average of $15.55. Jamf Holding Corp. has a 52-week low of $12.90 and a 52-week high of $21.41. 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 stock has a market cap of $1.70 billion, a P/E ratio of -23.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39.

Institutional Investors Weigh In On Jamf

A number of institutional investors have recently made changes to their positions in the company. Quarry LP boosted its holdings in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the last quarter. Blue Trust Inc. boosted its holdings in Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after purchasing an additional 795 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Jamf in the fourth quarter worth approximately $142,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JAMF. JPMorgan Chase & Co. began coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target for the company. Piper Sandler decreased their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada decreased their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $21.00 target price on shares of Jamf in a research note on Wednesday, February 26th. Three 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, Jamf currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

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.