John Strosahl Sells 56,170 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) CEO John Strosahl sold 56,170 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total value 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. This represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jamf Trading Down 0.3 %

Shares of NASDAQ JAMF traded down $0.04 during mid-day trading on Tuesday, reaching $13.24. 1,093,266 shares of the company's stock were exchanged, compared to its average volume of 555,398. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -24.07, a PEG ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 52-week low of $12.90 and a 52-week high of $21.41. The company's 50-day moving average is $14.55 and its 200-day moving average is $15.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JAMF shares. William Blair reissued an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. JPMorgan Chase & Co. started coverage on shares of Jamf in a research note on Thursday, February 6th. They issued an "overweight" rating and a $20.00 target price on the stock. Morgan Stanley started coverage on Jamf in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $16.00 price target for the company. Canaccord Genuity Group reiterated a "buy" rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Jamf has an average rating of "Moderate Buy" and a consensus target price of $21.30.

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Institutional Investors Weigh In On Jamf

Institutional investors have recently made changes to their positions in the stock. Crestwood Capital Management L.P. purchased a new stake in Jamf in the third quarter valued at approximately $3,470,000. Franklin Resources Inc. raised its holdings in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company's stock valued at $8,664,000 after buying an additional 38,429 shares during the period. Geode Capital Management LLC lifted its stake in Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after acquiring an additional 134,314 shares in the last quarter. Atom Investors LP boosted its holdings in Jamf by 213.4% during the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company's stock valued at $2,291,000 after acquiring an additional 89,901 shares during the period. Finally, SG Americas Securities LLC grew its position in Jamf by 54.0% in the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company's stock valued at $409,000 after acquiring an additional 10,199 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.