Jamf Holding Corp. (NASDAQ:JAMF) Insider Linh Lam Sells 2,200 Shares

Jamf Holding Corp. (NASDAQ:JAMF) insider Linh Lam sold 2,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $20.03, for a total transaction of $44,066.00. Following the transaction, the insider now directly owns 200,585 shares of the company’s stock, valued at approximately $4,017,717.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jamf Trading Down 6.1 %

NASDAQ:JAMF opened at $19.71 on Thursday. 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 1 year low of $14.83 and a 1 year high of $22.89. The stock has a market cap of $2.53 billion, a P/E ratio of -22.15 and a beta of 0.47. The stock has a 50-day simple moving average of $18.42 and a 200-day simple moving average of $18.16.

Jamf (NASDAQ:JAMF) last issued its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The business had revenue of $150.65 million during the quarter, compared to analysts’ expectations of $148.34 million. As a group, analysts anticipate that Jamf Holding Corp. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JAMF has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Thursday, March 14th. Barclays raised their target price on Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Royal Bank of Canada reissued an “outperform” rating and set a $21.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Finally, Mizuho lowered their target price on shares of Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Jamf by 20.6% during the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after purchasing an additional 559 shares in the last quarter. ProShare Advisors LLC grew its position in Jamf by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock worth $233,000 after buying an additional 1,000 shares during the period. Raymond James & Associates increased its holdings in Jamf by 2.8% in the third quarter. Raymond James & Associates now owns 38,800 shares of the company’s stock valued at $685,000 after buying an additional 1,074 shares in the last quarter. Swiss National Bank boosted its stake in shares of Jamf by 1.0% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock worth $1,925,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in Jamf by 10.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 22,671 shares of the company’s stock valued at $409,000 after purchasing an additional 2,192 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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.