Insider Selling: Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells 88,797 Shares of Stock

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) insider Beth Tschida sold 88,797 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now owns 487,810 shares in the company, valued at $6,522,019.70. The trade was a 15.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Jamf Stock Performance

Shares of NASDAQ JAMF traded down $0.25 during trading hours on Friday, reaching $13.17. The stock had a trading volume of 1,387,035 shares, compared to its average volume of 552,279. The firm has a 50-day moving average of $14.57 and a 200-day moving average of $15.50. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -23.95, a PEG ratio of 1.02 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a fifty-two week low of $12.90 and a fifty-two week high of $21.41.

Institutional Investors Weigh In On Jamf

Several large investors have recently modified their holdings of the company. Quarry LP increased its holdings in shares of Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock valued at $43,000 after acquiring an additional 1,405 shares during the period. Blue Trust Inc. grew its position in Jamf by 238.0% during the 4th 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 increased its stake in Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after purchasing an additional 795 shares during the period. Assetmark Inc. raised its holdings in shares of Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after buying an additional 1,387 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock worth $104,000 after buying an additional 2,500 shares during the period. 93.81% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. assumed coverage on Jamf in a report on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Piper Sandler decreased their price target on Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Finally, Morgan Stanley began coverage on Jamf in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $16.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $21.30.

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.