Elizabeth Benz Sells 57,380 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Elizabeth Benz sold 57,380 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $780,368.00. Following the completion of the transaction, the insider now owns 358,775 shares of the company’s stock, valued at approximately $4,879,340. The trade was a 13.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jamf Stock Performance

NASDAQ JAMF opened at $13.17 on Friday. The company has a market cap of $1.70 billion, a PE ratio of -23.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. The stock’s 50 day simple moving average is $14.57 and its 200-day simple moving average is $15.50. Jamf Holding Corp. has a 1-year low of $12.90 and a 1-year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PharVision Advisers LLC purchased a new position in shares of Jamf in the fourth quarter valued at approximately $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Jamf by 20.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,980 shares of the company’s stock worth $2,051,000 after buying an additional 24,343 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Jamf during the fourth quarter worth approximately $614,000. Squarepoint Ops LLC purchased a new position in Jamf during the fourth quarter worth approximately $1,188,000. Finally, Twinbeech Capital LP purchased a new position in Jamf during the fourth quarter worth approximately $180,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JAMF. William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. Barclays dropped their target price on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Royal Bank of Canada dropped their target price on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. initiated coverage on Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company 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.