Jamf Holding Corp. (NASDAQ:JAMF) Insider Beth Tschida Sells 7,526 Shares

Jamf Holding Corp. (NASDAQ:JAMF) insider Beth Tschida sold 7,526 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $18.27, for a total transaction of $137,500.02. Following the transaction, the insider now owns 340,422 shares in the company, valued at $6,219,509.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jamf Trading Up 3.0 %

JAMF opened at $19.15 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf Holding Corp. has a twelve month low of $14.83 and a twelve month high of $22.89. The firm’s fifty day moving average is $18.50 and its two-hundred day moving average is $17.90. The firm has a market cap of $2.43 billion, a PE ratio of -21.52 and a beta of 0.51.

Jamf (NASDAQ:JAMF) last posted its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $150.65 million for the quarter, compared to analyst estimates of $148.34 million. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. Equities research analysts anticipate that Jamf Holding Corp. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JAMF shares. Mizuho decreased their price objective on Jamf from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Thursday, March 14th. Finally, Barclays lifted their price target on shares of Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Institutional Investors Weigh In On Jamf

A number of hedge funds and other institutional investors have recently made changes to their positions in JAMF. PNC Financial Services Group Inc. grew its holdings in shares of Jamf by 24.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,261 shares of the company’s stock worth $817,000 after buying an additional 9,030 shares in the last quarter. Vanguard Group Inc. grew its position in Jamf by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 7,277,732 shares of the company’s stock valued at $131,436,000 after purchasing an additional 89,057 shares in the last quarter. Wellington Management Group LLP increased its stake in Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after buying an additional 462,257 shares during the last quarter. Optimus Prime Fund Management Co. Ltd. lifted its position in Jamf by 116.9% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 705,000 shares of the company’s stock worth $12,732,000 after buying an additional 380,000 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new stake in Jamf during the fourth quarter worth about $651,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.